Invesco Galaxy Bitcoin ETF (BTCO)

Goldman Sachs, a major Wall Street firm, has disclosed a multimillion-dollar investment in Bitcoin through various ETFs. This signals growing institutional acceptance of Bitcoin, which offers features like finite supply and decentralization that may appeal to investors in the current economic landscape.

BlackRock and Fidelity have seen big inflows into their exchange-traded funds tracking spot bitcoin prices, attracting more assets combined than what has flowed out from Grayscale’s bitcoin ETF, according to Deutsche Bank Research.

Bitcoin exchange-traded funds attracted over $4 billion in inflows on their first day of trading on Thursday, according to data shared by Bloomberg’s senior ETF analyst Eric Balchunas at market close Thursday. “Easily the biggest Day One splash in ETF history,” the analyst wrote on social media platform X. HOME STRETCH: $IBIT has just p...