Bitcoin Twitter (or Bitcoin X) Spend a moment After submitting 13f by Goldman Sachs (GS), detect higher shares in a handful of funds circulating in instant sales (ETFS), but the facts are less than what the eye sees.
First of all, the ownership of the traded investment funds is not exactly a bet by the Goldman Trading Hall on the Bitcoin price (BTC). The risks that the bank’s asset management arm holds, Goldman Sachs Asset Management, for its customers.
Second, while the deposit – a snapshot of ownership as of December 31, 2024 – shows a $ 288 million stake in Fidelity Bitcoin Etf (FBTC) and a $ 1.3 billion share in Blackrock’s Bitcoin Etf (IBIT) options with a nominal value that exceeds more than more than $ 600 million (along with a small call option).
The option to apply a pregnant woman is given the right, but not the commitment, by selling this original at a predetermined price. It can be considered protection against low prices, which represents a declining position.
“This position by Goldman Sachs, similar to many other banks and hedge boxes, is not a long net position,” said James Van Stratin, Coindesk’s chief analyst for Coindesk. “This is a strategy that reflects the basic trade, also known as criticism and trade in trade, and achieving a balance between possible profits and the risk of bitcoin fluctuations. The recently circulated investment funds were approved options, so this hedge is likely to be the directional.”
With the deadline for the 13F disclosure in the fourth quarter, it rapidly approaches, similar deposits-along with the misleading titles-definitely on the JPMorgan, Morgan Stanley Road and other large wealth management operations.
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