DRW Holdings Invests Over $195M in Crypto ETFs
DRW Holdings, a Chicago-based high-frequency trading firm, has revealed holdings of over $195 million in crypto ETFs, including more than $150 million in the Grayscale Ethereum Trust, marking its potential first exposure to Ethereum. While Ethereum-based ETFs have seen less interest than bitcoin ETFs since their SEC approval in July, DRW's substantial investment suggests rising institutional interest in Ethereum. The firm's crypto-focused unit, Cumberland, has been active in the market since 2018, serving as a liquidity provider for bitcoin ETFs and recently obtaining a "BitLicense" from New York regulators.
Source: The Block
2024/08/15 00:21 :
Goldman Sachs Reveals Massive $418M Bitcoin ETF Investment!
Goldman Sachs holds approximately $418.65 million in U.S. spot bitcoin ETF shares as of June 30, according to its latest SEC filing. The bank's largest holdings include 6.9 million shares of BlackRock’s iShares Bitcoin Trust, valued at $238.6 million, making Goldman Sachs the third-largest holder of this ETF. Goldman also disclosed investments in Fidelity’s FBTC ($79.5 million), Grayscale’s Bitcoin fund ($35.1 million), and several other Bitcoin ETFs from Invesco, Bitwise, WisdomTree, and Ark-21Shares.
Source: The Block
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