goldman sachs Archives

Goldman Sachs Eyes Expansion in Crypto Trading and Tokenization Exploration

Goldman Sachs plans to expand into crypto trading, lending, and tokenization to meet growing client demand.

eToro Plans for an IPO in the US by the First Half of 2025, with a Valuation of at Least $3.5 Billion

Blockchain News, Cryptocurrency News, News

By Steve Muchoki Dec 6, 2024

Social trading platform eToro is planning a US IPO with Goldman Sachs, targeting a $3.5 billion valuation, marking its second attempt at going public after a failed SPAC merger in 2022.

Wall Street Embraces Tokenization for Cheaper, Faster Trades

Blockchain News, Cryptocurrency News, News

By Bena Ilyas Oct 16, 2024

According to forecasts by Standard Chartered, the tokenization market is poised to surge to an astounding $30 trillion by 2034.

Bitcoin News, Cryptocurrency News, News

Goldman Sachs: US Jobs Data Can Overstate Weakness, Caution for Bitcoin Bears?

By Bhushan Akolkar Aug 21, 2024

Bitcoin bears need to be careful moving forward as the derivatives data highlights the chance of Bitcoin Short squeeze that can trigger sharp rallies in the world’s largest crypto asset.

Funds & ETFs, Market News, News

Bitcoin ETFs Record 14% Increase in Institutional Investors’ Adoption

By Godfrey Benjamin Aug 21, 2024

At the current percentage, institutional investors own up to 21.15% share of the total Assets Under Management (AUM) in Bitcoin ETFs.

Bitcoin News, Cryptocurrency News, News

Goldman Sachs Lowers Recession Forecast to 20%: What Does It Mean for Bitcoin?

By Leon Okwatch Aug 19, 2024

Goldman Sachs has recently revised its outlook on the U.S. economy, reducing the likelihood of a recession in the next year from 25% to 20%. This adjustment comes after positive signs in the economy showing that the economy is performing better than expected.

Cryptocurrency News, Funds & ETFs, News

Goldman Sachs Reveals $420M Exposure to Bitcoin ETFs in Latest 13F Filing

By Anisha Pandey Aug 14, 2024

According to the filing, Goldman Sachs holds substantial positions across seven different Bitcoin ETFs available in the U.S. market.

Altcoin News, Cryptocurrency News, News

Joseph Lubin Plans to Take Blockchain Firm ConsenSys Public

By Bhushan Akolkar May 22, 2024

Joseph Lubin stated that ConsenSys is already working with auditing giant KPMG. He emphasized that ConsenSys would choose the blockchain path for its public offering.

Commodities & Futures, Market News, News, Stocks

Nvidia Stock Now Toppling Gold as Viable Inflationary Hedge

By Godfrey Benjamin May 13, 2024

NVIDIA’s robust financial outlook further fueled optimism, with the company forecasting first-quarter revenue of $24 billion, surpassing analysts’ estimates of $22.2 billion.

Bitcoin News, Cryptocurrency News, Funds & ETFs, News

European Banking Giant BNP Paribas Reports Exposure to Bitcoin ETF

By Chimamanda U. Martha May 2, 2024

BNP Paribas, the second-largest European bank, holds a modest amount of spot Bitcoin ETFs. According to a 13F filing submitted by the company, the bank acquired 1,030 units of BlackRock’s iShares Bitcoin Trust (IBIT), representing an investment of approximately $41,684.

Funds & ETFs, Market News, News

BlackRock Bitcoin ETF IBIT Crossed $15B in AUM, Launches New Ads

By Bhushan Akolkar Apr 12, 2024

BlackRock has started heavy advertising for its IBIT Bitcoin ETF on Bloomberg’s home page to leverage its position in the current market momentum.

Altcoin News, Cryptocurrency News, News

USDT Issuer Tether Outperforms Big Banks with Strong 2023 Earnings

By Bhushan Akolkar Apr 8, 2024

With just 100 employees, Tether’s income per employee is 380 times higher than that of JPMorgan.

Cryptocurrency News, Funds & ETFs, News

BlackRock Adds Goldman Sachs, Citigroup, Others, to Spot Bitcoin ETF Authorized Participants

By Tolu Ajiboye Apr 5, 2024

BlackRock is set to pump liquidity of its IBIT ETF by adding multiple Authorized Participants, with a new total of nine.

Bitcoin News, Cryptocurrency News, News

Goldman Sachs’s Clients Still Skeptical on Bitcoin Despite Heightened Trading Volume on Spot BTC ETFs

By Steve Muchoki Apr 3, 2024

Goldman Sachs intends to watch from the sidelines despite the US-based Spot Bitcoin ETFs reporting $111 billion in traded volume in March, tripling the figure reported in Jan and Feb.

Bitcoin News, Cryptocurrency News, News

Goldman Sachs’ Hedge Fund Clients Increasingly Engage in Crypto Options

By Bhushan Akolkar Mar 25, 2024

Amid the recent approval of the spot Bitcoin ETFs, institutional clients of Goldman Sachs have been seeking exposure to cryptocurrency derivative products.