Goldman Sachs disclosed its positions in seven out of eleven BTC ETFs, a significant shift from their previous skepticism towards cryptocurrency investments.
Mathew McDermott emphasized that the launch of bitcoin ETFs marks a 'big psychological turning point' for the crypto industry, indicating renewed institutional interest.
McDermott’s remarks reflect a strategic pivot, where the bank now acknowledges the potential of digital assets to transform financial systems and operations.
Sharmin Mossavar-Rahmani previously stated that Goldman Sachs does not believe in crypto as an investment class, highlighting a remarkable shift in perception.
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