Source: CryptoNewsNet
Original Title: Goldman’s $2B ETF Issuer Takeover Is Both a Blessing and a Curse for Crypto
Original Link:
Goldman Sachs (GS) buying an exchange-traded fund (ETF) issuer for about $2 billion doesn’t seem like it has much to do with crypto at first.
However, the Wall Street banking giant’s purchase of Innovator Capital has implications that can shake up the entire crypto industry, primarily the ETF sector. That market today is worth $190 billion, but the spot bitcoin BTC$87,354.09 ETF market alone is projected to grow to $3 trillion by 2033.
When the deal was announced, Goldman Sachs CEO David Solomon said in a statement that “Active ETFs are dynamic, transformative, and one of the fastest-growing segments in today’s public investment landscape,” and “by acquiring Innovator, Goldman Sachs will expand access to modern, world-class investment products.” Bruce Bond, CEO of Innovator, said: “Goldman Sachs has a long history of discerning emerging trends and important directional shifts within the asset management industry.”
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GrayscaleArbitrageur
· 14h ago
Goldman's move is truly brilliant; it seems to be targeting ETFs, but in reality, it's indirectly laying out plans for encryption assets... We need to analyze this clearly.
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TokenAlchemist
· 14h ago
ngl, goldman dropping $2B on an ETF issuer is just TradFi trying to capture the arbitrage surface that retail keeps leaving on the table. they're not suddenly "bullish crypto" — they're just hunting inefficiency vectors where alpha still bleeds through. watch how fast they optimize the routing once they own the infrastructure...
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UncommonNPC
· 14h ago
Goldman Sachs invests 2B in ETF issuers, it may not seem obvious at first glance, but this move is quite strategic...
View OriginalReply0
AlwaysMissingTops
· 14h ago
Goldman Sachs invests 2 billion USD to buy an ETF issuer. On the surface, it seems unrelated, but in reality, it is laying hidden plans for institutional arrangements.
Goldman's $2B ETF Issuer Takeover: Implications for Crypto
Source: CryptoNewsNet Original Title: Goldman’s $2B ETF Issuer Takeover Is Both a Blessing and a Curse for Crypto Original Link: Goldman Sachs (GS) buying an exchange-traded fund (ETF) issuer for about $2 billion doesn’t seem like it has much to do with crypto at first.
However, the Wall Street banking giant’s purchase of Innovator Capital has implications that can shake up the entire crypto industry, primarily the ETF sector. That market today is worth $190 billion, but the spot bitcoin BTC$87,354.09 ETF market alone is projected to grow to $3 trillion by 2033.
When the deal was announced, Goldman Sachs CEO David Solomon said in a statement that “Active ETFs are dynamic, transformative, and one of the fastest-growing segments in today’s public investment landscape,” and “by acquiring Innovator, Goldman Sachs will expand access to modern, world-class investment products.” Bruce Bond, CEO of Innovator, said: “Goldman Sachs has a long history of discerning emerging trends and important directional shifts within the asset management industry.”