ETF
Goldman Sachs drops $2.25 billion to hijack the Bitcoin yield market and leapfrog BlackRock by 19x
The acquisition brings Goldman Sachs the $30 billion NEOS ETF platforms that includes the $1.1 billion BTCI fund.
Goldman Sachs
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Analysis
BlackRock’s new Bitcoin ETF offers monthly income, but caps gains when Bitcoin surges
The Nasdaq-listed ETF offers monthly income potential through covered calls while capping part of the rally trade.
ETF
New Goldman Sachs Bitcoin fund is built for advisers seeking yield, not traders chasing the next rally
Goldman plans to sell covered calls on Bitcoin-linked ETPs for yield, sometimes overwriting up to 100% exposure.
Adoption
Goldman Sachs eyes tokenization projects for institutional clients by year-end
The Goldman Sachs' executive also hinted that the bank could expand into crypto custody if the regulatory environment changes.
Stablecoins
Tether reports $5B reserve excess after making more profit than Goldman Sachs last quarter
Tether revealed that it held profits of $5.4 billion in reserves 'to ensure highest resiliency.'
Exchanges
Goldman Sachs says Coinbase may need to sack more workers; downgrades its stock rating to sell
Goldman Sachs predicts that Coinbase revenue could decline by 61% because of the current market conditions that have affected retail traders.
Adoption
FTX and Goldman Sachs reportedly in talks over derivatives trading
FTX.US president Brett Harrison says major futures commission merchants are open to the exchange’s proposal.
Adoption
Top Israel bank to start offering crypto trading services
Bank Leumi’s customers would be able to use Pepper Invest to trade Bitcoin and Ethereum.
Adoption
Goldman Sachs completes first OTC Bitcoin options trade with Galaxy Digital
This is the first time a major U.S. bank traded an over-the-counter crypto transaction.
Analysis
Goldman Sachs reveals how Bitcoin can reach $100k in 2022
In its latest note to investors, Goldman Sachs have stated its belief that Bitcoin could reach $100k if investors saw it as a store of value.
Adoption
Goldman Sachs shows Bitcoin outperformed all capital markets in 2021
Yet again, Bitcoin outperformed all benchmark and thematic equity baskets in 2021.
Adoption
Crypto jobs markets gets boost as Wall Street bumps pay to attract talent
Senior crypto specialists now command as much as 50% more than their counterparts in similar roles.