Goldman Sachs don increase im Bitcoin ETF money wey e get, e show say big company dem don dey trust am well well and e fit affect market
Goldman Sachs don add plenty money put for BlackRock IBIT (iShares Bitcoin Trust), e increase by 28% to hold 30.8 million shares wey worth $1.4 billion, based on wetin dem file for SEC recently. With this move, Goldman Sachs don turn to di biggest institutional investor for IBIT, comot Brevan Howard and Jane Street for front. IBIT, wey be di main spot Bitcoin ETF for U.S., get $62.8 billion assets dem manage and $44 billion net inflows since dem start am for January. This increase show say big big companies and organizations get more belief for Bitcoin and dem see these ETFs as something important for regular investments. Plus, Goldman Sachs don change plan, dem no wan do options contracts on IBIT and Fidelity Bitcoin ETF (FBTC) again, dem just wan hold di ETF directly. Market people wey dey analyze things say this show say Bitcoin real and e fit keep value well well, which fit attract more big investors and even small small investors. These kain developments fit ginger market feeling, make more money enter Bitcoin ETFs, and fit affect how people dey trade am and how people generally accept cryptocurrency.
Bullish
Goldman Sachs wey increase dia money for BlackRock iShares Bitcoin Trust and turn to hold ETF direct show say big companies don get more mind for Bitcoin. Wen big-big money dey enter like dis, e dey make pipu for market feel good and e dey make am beta, con make big companies and small pipu wey get money rush am. As more beta companies dey show say dem hold big amount, dis fit make money dey enter steady and make pipu want Bitcoin and Bitcoin ETFs well-well. For short time, dis go make pipu trade am pass before and make Bitcoin price go up. For long time, as big companies dey talk good about am plenty times, e go make Bitcoin dey see like normal property wey pipu fit get, make more pipu join market, and make price no just dey shake anyhow.