Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings

Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the … Read more

Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for its decision on the Venezuelan presidential election bet. El Salvador … Read more

Bitcoin Whale Activity Surges Amid Volatility Spike And ETF Movements

Bitcoin witnessed a notable surge in whale transactions on August 5th and 6th, marking the highest level of such activity since early April. Data shows that wallets holding between 10 and 1,000 BTC took advantage of a price dip, rapidly accumulating Bitcoin as the asset temporarily fell below the $50,000 mark. This activity underscores the … Read more

Peter Schiff Warns of Mass Bitcoin ETF Liquidations and ‘Crypto Black Monday’

Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass bitcoin exchange-traded fund (ETF) liquidations. “If so, brace for a Crypto Black Monday,” he cautioned. He believes that bitcoin has been in a major bear market for almost three years. Peter Schiff Warns of Sharp Decline … Read more