Goldman Sachs, Morgan Stanley took stakes in US spot bitcoin ETFs in Q2, filings show
Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday. The two banks joined a group of hedge funds and financial advisers that have waded into the products, which began trading in January 2024. Goldman Sachs said in its quarterly disclosure to the Securities and Exchange Commission, known as a 13-F filing, that it had acquired about $418 million in several of the recently launched ETFs tied to the price of spot bitcoin.
Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report
The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post.
Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report
The son of former President Trump tweeted earlier this month that he had “truly fallen in love with Crypto/DeFi.”
The Mars-Kellanova merger bolsters them against 2 big threats—inflation and Ozempic
“Snacking is very driven by impulse. It's very driven traditionally, by indulgence,” one analyst said.
Will bitcoin become a strategic reserve asset for the U.S.?
Major players in finance are embracing bitcoin, raising questions about its future as a reserve currency.
Goldman Sachs Holds $418M in Bitcoin ETF Shares
The investment bank has positions in multiple spot bitcoin funds, according to an SEC filing.
Stocks Rise as CPI ‘Checks The Box’ for Fed Cuts: Markets Wrap
(Bloomberg) -- Stocks rose after an in-line US inflation report did little to alter bets the Federal Reserve will start cutting rates in September.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe S&P 500 extended its advance into a fifth strai
New Jersey Wins Positive Outlook by Moody’s on Economic Strength
(Bloomberg) -- New Jersey had its outlook raised to positive from stable by Moody’s Ratings on Wednesday, on its strong economic performance compared to nearby states.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe ratings firm also affirmed