20 times … Goldman Sachs raises his investments in Ethereum

The market for investment and trading of digital currencies has witnessed a great recovery since its launch, especially the Bitcoin and Ethereum funds.

Goldman Sachs recently headed towards the circulating Etharium funds, showing great confidence in this sector by increasing its holdings of the circulating ethereum boxes by 2000%, in the fourth quarter of 2024.

According to his report submitted to the US Securities and Exchange Committee, the bank increased its holdings of Ethereum funds, from $ 22 million to $ 476 million.

The bank distributed its shares between the Black -Eterocast, Blackrock’s Isharees Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FUTH), in addition to an additional $ 6 million in Gray Skal Eterium Trust, Grayscale Ethereum Trust (Ethe).

Meanwhile, Goldman Sachs increased his investments in Bitcoin funds, circulating by 114% to $ 1.52 billion.

These investments included a large purchase of $ 1.28 billion in ISHARES Bitcoin Trust (IBIT), which reflects a 177% increase over the third quarter, and $ 288 million in the Fidelity Wise Origin Bitco Fund (FBTC).

Is the ethereum season on the doors?

Yesterday, bitcoin boxes were recorded out of 56.7 million dollars, while the circulating ethereum funds witnessed internal flows of $ 12.6 million, according to Farid Infogs.

These transformations in allocating capital indicate an increase in interest in ethereum -based investment products at the expense of bitcoin.

With the continued attraction of the Ethereum Boxes circulating for the new capital, speculation is increasing that the “Ethereum season” may be on the horizon.

The latest reports of Goldman Sachs also reveals its deep commitment to the investment funds market circulating for digital currencies, as it now owns $ 3.6 million in Grayscale Bitcoin Trust (GBTC) and increased their exposure to Bitcoin and Etherism.

This increase in holdings is compatible with increases in Bitcoin and Ethereum prices by 41% and 26.3%, respectively, during the fourth quarter.

Goldman Sachs came out of his centers in BitWise, WISDOMTREE, and Es-Disco-Gal boxes