CandleFocus

Bank Clients Just Dipped Their Toes Into Bitcoin ETFs, but Q4 Could See a FOMO Spike

Institutional investors from major Wall Street banks, including Goldman Sachs, Morgan Stanley, and Bank of America, continued to accumulate Bitcoin through spot Bitcoin exchange-traded funds (ETFs) in the third quarter of this year. While allocations remained relatively stable during this period of uneventful price action in Bitcoin, it is expected that there may be renewed interest in the fourth quarter following the recent all-time highs. Goldman Sachs reported holding $710 million worth of spot Bitcoin ETF shares, almost double the amount held in the previous quarter. Other banks, such as Cantor Fitzgerald and UBS, did not make significant changes to their positions. However, it is anticipated that there could be more active participation in Bitcoin investments in the coming quarters due to the recent price surge and potential support for cryptocurrencies from the incoming Trump administration.

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