Solomon eyes Bitcoin, Ethereum markets: Goldman Sachs CEO David Solomon is keen on entering Bitcoin and Ethereum markets. The bank increased its Bitcoin ETF holdings by 71%, reaching $718 million, indicating strong interest. This move is contingent on regulatory approval, reflecting the bank’s strategic stance on digital currencies.
Goldman readies for crypto regulatory changes: Solomon’s comments underscore the importance of regulations in the crypto space. As the first MAJOR U.S. Bank to offer OTC cryptocurrency services, Goldman Sachs has positioned itself to navigate these regulatory shifts. Anticipated corporate activities like mergers may rise by 2025, broadening crypto engagement.