Goldman Sachs Dives Headfirst Into Crypto—Because Even Old Money Wants New Tricks

Wall Street’s golden child finally caves—Goldman Sachs confirms major crypto investments, proving even the staunchest traditionalists can’t ignore 24/7 markets.

Why now? Institutional FOMO hits critical mass as Bitcoin flirts with new ATHs. The bank’s move signals a tectonic shift: digital assets are no longer the ’wild west’ but a mandatory hedge against fiat decay.

Bonus jab: Nothing accelerates adoption like watching your competitors’ bags grow heavier while your legacy portfolio bleeds value.

Goldman Sachs and Crypto Assets

Recently published 13F filings have revealed intriguing details about Goldman Sachs’ involvement in crypto assets. Those familiar with COINTURK may recall discussions about the ETF approval process and the significance of these filings. These documents, released quarterly, disclose the assets that companies hold on behalf of their clients, enabling investors and analysts to understand investment trends.

Publicly released documents available through the SEC‘s system have become increasingly important for crypto assets following ETF approvals. They provide insights into financial companies’ and their clients’ approaches to cryptocurrencies from one quarter to the next.

According to today’s filings, Goldman Sachs holds $1.4 billion in IBIT and $250 million in FBTC ETFs, the former issued by BlackRock and the latter by Fidelity, both Spot BTC ETFs. This represents substantial involvement in these financial products.

Considering the cryptocurrency decline in January, February, and March, the changes from the previous quarter are noteworthy. Data shows increases in holdings from December to March, indicating that Goldman clients purchased more BTC ETFs during this period, positioning the firm as the largest IBIT investor globally.

Trump and Tariff Announcements

In a separate development, TRUMP made important comments about tariffs while addressing journalists. His statements included key points likely to influence market expectations, especially regarding the weekend’s events.

Trump elaborated on potential exemptions to the base 10% tariff rate and hinted at imminent trade agreements. He expressed Optimism about fair dealings with China, highlighting respect for President Xi and indicating multiple trade deals on the horizon.

As the weekend approaches, Bitcoin$103,279 is trading above $103,000. Bloomberg reports advancement in trade negotiations involving 20 countries, including Japan, Vietnam, and South Korea, further boosting market sentiment.