Financial giants bet big on BlackRock’s Bitcoin ETF
Major Wall Street firms are increasingly warming up to cryptocurrency, as evidenced by their stakes in the spot Bitcoin (BTC) exchange-traded fund (ETF). Specifically, financial filings indicate that major firms have made substantial bets on BlackRock’s (NYSE: BLK) Bitcoin ETF. This shift aligns with the product’s original goal of attracting institutional capital, particularly from influential players. Key investors include Capula Management which has emerged as the largest holder with 7,419,208 units, marking a significant increase in its stake. Goldman Sachs Group (NYSE: GS), follows closely, holding 6,215,241 units, with a recent addition of 4,719,208 units. Picks for you Trading expert outlines Bitcoin's path to $300,000 2 hours ago ...