New York-based banking titan Goldman Sachs has greater than doubled its Bitcoin exchange-traded fund ($BTC EFT) holdings.

The corporate’s newest quarterly report reveals it now holds $1.57B in $BTC ETFs, greater than twice its Q3 2024 worth.

Most of Goldman Sachs’ funds – over $1.25B – lie in BlackRock’s IBIT (iShares Bitcoin Belief).

Sachs additionally holds a large chunk of Ethereum ($ETH) ETFs and different crypto choices.

Let’s unpack why this issues for the broader crypto market and for brand new crypto initiatives like Meme Index.

Goldman Sachs Triples Bitcoin ETF Holdings

Within the earlier quarter, Goldman Sachs reported it held $461M price of IBIT shares, which made it the fund’s second-largest holder, solely rivaled by Millennium Administration with its $844M pile.

Now that Sachs has practically tripled its IBIT publicity, it outstripped the competitors.

Moreover, Sachs purchased $288M price of Constancy’s FBTC (Clever Origin Bitcoin ETF). Its $3.6M GBTV (Grayscale Bitcoin Belief) holdings, nevertheless, remained unchanged.

Sachs’ crypto choices now complete $760M, and its $ETH portfolio grew practically 19x from $25.1M final quarter to $476.5M.

Half of Goldman Sachs’ $ETH publicity is thru Constancy’s FETH (Constancy Ethereum Fund) and half by way of BlackRock’s ETHA (iShares Ethereum Belief).

It’s price noting that such a powerful enhance additionally has to do with the surge in $BTC and $ETH worth, 40.6% and 26.2% from Q3, respectively.

Total, the 12 $BTC ETFs noticed $40.46B in net inflows since their launch. BlackRock’s IBIT is the biggest fund with $40.87B in inflows, adopted by Constancy’s FBTC with $12.60B inflows. Grayscale’s GBTC suffered $21.95B outflows.

The size of $ETH ETF investments can’t compete with $BTC. Nonetheless, institutional curiosity is clear from $3.17B cumulative inflows. BlackRock but once more leads the pack with its ETHA fund ($4.44B inflows), whereas Grayscale’s ETHE falls behind with $3.95B outflows.

Meme Index ($MEMEX) Brings Index Investing to the $120B Meme Coin Market

Whereas banking giants construct their crypto portfolios, degen traders are reviving old-school TradFi ideas.

Indexes are now not reserved just for ‘critical’ property like shares, bonds, and commodities.

Meme Index ($MEMEX) is rolling out the world’s first meme coin index. Primarily, it gives publicity to the $120B meme coin market by way of 4 baskets that cater to totally different threat appetites.

Every of the hampers accommodates eight tokens, from OG memes like Dogecoin ($DOGE) to new, unstable gamers like Fartcoin ($FARTCOIN).

By spreading funding throughout a number of initiatives, you offset potential losses and threat.

The $MEMEX token presale kicked off in January and has already hit the $3.5M milestone. One $MEMEX now prices $0.0160993, however the value is about to extend tomorrow.

By no means earlier than did degens have the chance to achieve publicity to extremely speculative property in such a secure approach. Given this distinctive positioning, $MEMEX could reach $0.074 by the tip of 2025 and convey its supporters even larger beneficial properties in the long term.

To buy $MEMEX, go to the official presale web site, join your pockets, and pay with $ETH, $BNB, $USDT, or a financial institution card. Alternatively, safe your share of tokens by way of Best Wallet’s top presales aggregator.

Goldman Sachs Goes All-In

Goldman Sachs isn’t simply dipping its toes within the crypto waters – it’s diving in headfirst.

Wall Avenue heavyweights investing billions in crypto suggests it’s now perceived as a official asset class, which can absolutely drive broader adoption and innovation.

In the meantime, the crypto neighborhood is taking pages from Wall Avenue’s ebook, with artistic options like $MEMEX offering a safer entry into the meme coin marketplace for risk-averse traders.

As all the time, although, we remind you to DYOR earlier than investing in any cryptocurrency. The market is notoriously unstable, and even instruments like indexes don’t totally mitigate the danger.