"It's clear that institutional adoption of spot bitcoin ETFs continues to accelerate. Institutional investors tend to have extremely rigorous due diligence processes which can lengthen the adoption period for any type of investment. The speed at which institutional investors are wading into spot bitcoin ETFs is astounding."
"Goldman Sachs held $418 million worth of bitcoin on behalf of its clients in the months as of June 30, according to a filing with the U.S. Securities and Exchange Commission. The modest customer allocation comes after the chief investment officer of the bank's wealth management unit told the Wall Street Journal in April that the bank's clients weren't showing a lot of interest in the asset class."
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