Goldman's global head of digital assets, Mathew McDermott, called the new spot Bitcoin ETFs an 'astonishing success', marking a big turning point and a change in the bank's stance.
BlackRock's IBIT Bitcoin ETF, in which Goldman is an authorized participant, became the world's largest with over $20 billion in assets, showing the massive inflows into US spot Bitcoin ETFs.
Legacy finance institutions like Goldman and BlackRock are now embracing Bitcoin ETFs due to surging interest from both retail and institutional investors, opening floodgates for Wall Street money into Bitcoin.
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