đš GOLDMAN SACHS HOLDS $1B IN BITCOIN ETFs â MARKET SELLOFF IGNORED đ„
Even as Bitcoin has fallen ~47% from its October peak, Goldman Sachs continues to pile into crypto-linked ETFs. Institutional conviction isnât fading â itâs evolving.
Key Highlights:
âą $1B in Bitcoin ETFs (via BlackRockâs IBIT & Fidelityâs FBTC) â
âą $1B+ in Ether ETFs, $152M in XRP, $108M in Solana
âą Exposure maintained despite sharp market downturn
âą Shows banks following crypto innovation paths (CZ, Binance)
Market Context:
âą Bitcoin trading near $67K, briefly dipped to ~$60K
âą Altcoins underperforming: Solana down ~73% from peak
âą Over $6B exited Bitcoin ETFs since November
âą IBIT trading surged >$10B during last weekâs macro stress
Upcoming Catalyst:
Goldman Sachs CEO David Solomon speaking at the World Liberty Financial crypto forum (Feb 18, Florida) â expect investor, regulator, and U.S. lawmaker attention.
đĄ Takeaway: Institutions see opportunity where retail fears a sell-off. Crypto isnât dead â itâs maturing.
#CryptoNews #GoldmanSachs #BitcoinETFs #InstitutionalCrypto" #BTC