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Goldman Sachs also embraces crypto, casting a vote of confidence for ETH with a $2.3 billion allocation.

Goldman Sachs also embraces crypto, casting a vote of confidence for ETH with a $2.3 billion allocation.

Author: Nancy, PANews

To date, it is no longer novel for Wall Street giants to enter the cryptocurrency space. In sectors such as ETFs, RWAs, and derivatives, the presence of mainstream institutions has become increasingly prominent. The market’s focus has long shifted from whether to enter the space to how to strategically position themselves.

Recently, Goldman Sachs disclosed its cryptocurrency allocation totaling up to USD 2.3 billion. Although this remains a relatively small position within its overall asset portfolio and has significantly decreased compared to previous levels, the composition of its holdings is noteworthy. Despite the significant disparity in market capitalization, Goldman Sachs maintains nearly equal exposure to BTC…

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