Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the “ability to actually transact a product that people are familiar with and can provide scale” is “very positive.”
Goldman on Spot Bitcoin ETF Hype
Global investment bank Goldman Sachs does not anticipate an immediate surge in BTC prices following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Mathew McDermott, head of the digital asset unit at Goldman Sachs, told Reuters this week.
While emphasizing that he does not expect the approval of the ETF to trigger a “sudden immediate spike in liquidity and price,” the Goldman head of digital assets said it could attract new institutional investors to the asset class. He opine
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