Goldman Sachs Holds $1.83 Billion in Bitcoin, Ethereum ETFs

JPMorgan Chase and Goldman Sachs have made significant investments in Bitcoin and Ethereum exchange-traded funds (ETFs), reflecting a growing institutional appetite for cryptocurrency. JPMorgan holds over $1 million in Bitcoin and Ethereum ETFs, with the largest portions in the ProShares Bitcoin ETF and the Grayscale Ethereum Trust ETF. Meanwhile, Goldman Sachs has dramatically increased its stake in Bitcoin ETFs, now valued at approximately $1.63 billion, with a substantial investment in the iShares Bitcoin Trust. The bank's strategy includes both direct ETF ownership and a complex options portfolio, demonstrating a cautious yet bullish outlook on Bitcoin's future. These investments come on the heels of regulatory changes that have enabled traditional financial institutions to gain exposure to cryptocurrencies through regulated channels. The trend signifies a shift from previous skepticism among banks toward embracing digital assets as part of their investment strategies.