Invesco Galaxy Bitcoin ETF

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.

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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-related stocks and funds rose on Tuesday, as the cryptocurrency’s price climbed above $57,000 to the highest level seen since it hit an all-time high in November 2021.

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