News

At the opening Crypto4Harris event, industry supporters of the Democratic presidential candidate suggested Harris will lead a crypto surge, though she hasn't yet shared her vi...

At the opening Crypto4Harris event, industry supporters of the Democratic presidential candidate suggested Harris will lead a crypto surge, though she hasn't yet shared her vi...

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.

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.

The son of former President Trump tweeted earlier this month that he had “truly fallen in love with Crypto/DeFi.”

Major players in finance are embracing bitcoin, raising questions about its future as a reserve currency.

The investment bank has positions in multiple spot bitcoin funds, according to an SEC filing.