Latest Crypto News

The bank has exited several smaller Bitcoin ETF positions. Instead, Goldman is focusing its investments on funds managed by BlackRock and Fidelity, two of the most well-established names in asset management.

In the past, there were rumours that Strategy might pause its Bitcoin buying due to tax liabilities. However, the latest move dismisses these concerns. 

The biggest development this week has been of Ethereum surpassing Bitcoin in terms of inflows. After the price of Ethereum dropped to around $2,100, investors took the opportunity to buy in at a lower price. 

On 6 February, the SEC announced that the public would have 21 days from the date of publication in the Federal Register to submit comments on these ETF applications.

The company’s biggest-ever Bitcoin purchase happened in the fourth quarter of 2024, when it acquired 218,887 $BTC for about $20.5 billion.

As Ethereum prepares for Pectra, the price of its cryptocurrency, $ETH, has been rising. After a recent dip, $ETH has climbed back up to around $2,711, showing a 10% increase in a single day.