The recent disclosure of an SEC filing reveals that Wall Street giant Morgan Stanley has been heavily invested in Bitcoin. Reportedly, instead of direct investment, the company has opted for Bitcoin exposure through a regulated investment vehicle – Grayscale Bitcoin Trust (GBTC). Popular market analyst MacroScope has been the first to report the news. Citing
The asset-management arm of the global investment banking giant Goldman Sachs has filed for a new crypto ETF based on securities of crypto-related companies and Defi protocols. The new ETF will be called Innovate Defi and Blockchain Equity ETF. As per the SEC filing on Monday, the firm would invest at least 80% of its
According to a Goldman Sachs analyst, profits for Coinbase will remain intact irrespective of a decline in BTC price. The prediction from the analyst came just a day before the finalization of Coinbase’s second quarterly report. Goldman Sachs has reinstated their “buy” ratings for Coinbase, pointing out that regardless of an upcoming change in Bitcoin
Ethereum (ETH), the second-largest cryptocurrency by market cap has catapulted to mainstream adoption this bull season along with Bitcoin (BTC). It has become a growing choice of financial institutions and many including the likes of Goldman Sachs and JP Morgan believe it has the potential to eventually overtake BTC as the new store of value.
Despite the incessant clamor for the lack of regulatory clarity in the U.S., the biggest banks are already offering cryptocurrency-related services. As reported by Bloomberg, JPMorgan Chase & Co, Goldman Sachs Group Inc, and Morgan Stanley are notably offering crypto futures trading to their clients. This is coming at a time when banks in the
As reporter by CNBC sources Goldman Sachs has started trading Bitcoin Futures in partnership with Mike Novogratz’s Galaxy Digital. The news is big as it opens doors to Bitcoin trading for major banking clients like hedge funds, pensions, family businesses etc. How Will it Boost Institutional Adoption? Banking support is very crucial for Bitcoin’s adoption
As Chinese authorities take tough measures by introducing a ban on crypto trading, local brokerage firms see a massive opportunity in the global crypto trading market. China’s two biggest online brokerage firms – Beijing-based Tiger Brokers and Shenzhen-based Futu – are looking ahead to set up a footprint in the global crypto trading marketing citing
Faryar Shirzad, former co-chief of Government Affairs at Goldman Sachs has joined Coinbase as the Chief Policy Officer. The cryptocurrency exchange revealed the news in an official blog post and said Shirzad’s 15 years experience at Goldman would come in handy for the platform in shaping their global regulatory policies. Faryar’s impressive experience — most
Amid the recent crypto market volatility and the rising dominance of Ethereum (ETH), the debate of ETH vs BTC has sparked with some big players joining the discussion. Wall Street banking giant Goldman Sachs recently published its Global Macro Research report that goes all praises for Ethereum. ParaFi Capital General Partner Santeago Santos shares some
The latest market rally for Dogecoin (DOGE) has helped investors become crypto millionaires. The latest report in the town is that a London-based Goldman Sachs executive has become a millionaire with his Dogecoin investments. As per the report from eFinancialCareers, Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs in
Goldman Sachs, the global investment banking giant has revealed the formation of a new crypto dedicated team in their latest employee memo. The crypto team exists within the firm’s global currencies and emerging markets trading division. The employee memo issued on Thursday marks the first official acknowledgment of the giant about their dedicated crypto-focused division.
Looking at Bitcoin’s indomitable rise, traditional banking institutions have been compelled to offer Bitcoin services to their clients. America’s two banking giant’s Goldman Sachs and Citi Group have announced offering Bitcoin derivative products and custodial solutions to its users. As Bloomberg announced, Goldman Sachs is all set to offer Bitcoin derivatives to Wall Street investors.
The explosive growth of Bitcoin and the overall crypto market has swayed some of the biggest Wall Street banking giants in recent times. As per the latest report by Forbes, Wall Street banking giant JPMorgan is preparing for Bitcoin (BTC) and crypto clearinghouse options. While the crypto market has registered unprecedented growth over the last
On Monday, March 1, Wall Street banking giant Goldman Sachs announced that it will soon be starting a crypto trading desk owing to the rising institutional interest in the crypto space. Besides, looking at the rapid growth in the BTC price, the banking giant is also planning to offer its own Bitcoin futures. However, popular
Goldman Sachs, the global investment banking giant has reopened its crypto trading desk, first started in 2018, and is all set to cater to its clients starting next week, as per a report by Reuters. The crypto trading desk is a part of companies’ digital asset and blockchain plans. Goldman Sachs has restarted its cryptocurrency
Goldman Sach, the American banking investment giant sees Bitcoin as a maturing asset that has drawn institutional interest in its present bull run. Jeff Currie, the Global Head of Commodities Research at Goldman Sachs in his recent interview with CNBC said that the rising institutional interest in bitcoin suggests its status as a maturing asset,
There’s been a lot of buzz with the Bitcoin vs Gold debate picking up in the last few months. However, two of the Wall Street banking giants have come at odds on a common opinion. A few days back, JPMorgan strategists said that moving has been moving out of Gold ETFs systematically since October 2020
Hedge funds may find cryptocurrencies like Bitcoin appealing because of their high volatility but that doesn’t constitute a viable investment rationale. This is what a Goldman Sachs official concluded during a client-facing call on May 27, 2020 effectively dismissing digital currencies as a worthwhile and emerging class that deserves to be considered. Following their conclusion, Bitcoin
The operator of the Swiss securities exchange, the SIX group, is leading a $14 million Series A funding for a 12 percent stake in Omniex, a San Francisco-based provider of trading infrastructure suitable for institutional grade investors. Although this will be the second time the group is announcing their interest in Omniex, this time other
Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.