The fourth season of the decisive battle! Wall Street giants increase their bets on Bitcoin ETFs, will the crypto market usher in a frenzy?

Goldman Sachs leads, Wall Street institutions are heavily laying out BTC ETF

According to the recent 13F filing, Goldman Sachs, the Wall Street financial giant, significantly increased its BTC ETF holdings in the third quarter, with the size of holdings jumping from $418 million in the previous quarter to $710 million, nearly doubling. According to Fintel data, Goldman Sachs mainly positioned itself in BlackRock's iShares Bitcoin Trust (IBIT), holding nearly 13 million shares.

Image source: Fintel Goldman Sachs significantly increased its BTC ETF holdings in the third quarter.

Meanwhile, Australian investment bank Macquarie Group has also entered the market for the first time, purchasing 132,000 shares of IBIT worth $4.8 million. Other major financial institutions such as Morgan Stanley, Bank of America, and UBS Group maintain relatively stable holdings.

Image Source: Fintel. Morgan Stanley also bought BTC ETF in the third quarter.

The atmosphere of the third quarter is cautious, and institutional investment attitudes are conservative.

"CoinDesk" senior analyst James Van Straten said: "The 13F filing data for the third quarter reflects the weak price trend of BTC at that time. Most institutional investors prefer to deploy funds slowly, observe market trends, and did not take advantage of the historically strong performance of the fourth quarter."

In fact, during the third quarter (July to September), the price of BTC fluctuated in the range of $53,000 to $66,000, continuing the sideways trend of the second quarter, which also explains why institutional investors generally adopt a wait-and-see attitude.

The fourth quarter market is turning around, and institutional investors are expected to enter at an accelerated pace.

With BTC prices breaking through the range consolidation in the fourth quarter, surpassing the historical high of $73,700 set in March and further climbing to a new high of $93,400, the market sentiment has changed. Van Straten expects that more institutional investors will enter the market in the future, with many institutions actively preparing behind the scenes to ensure that at least 1% of their investment portfolios are allocated to Cryptocurrency.

It is worth noting that BlackRock also holds about 2.55 million shares in its own BTC ETF fund, with a current Market Cap of $130 million. The continued layout of these large Financial Institutions may bring a new wave of investment enthusiasm to the encryption currency market in the fourth quarter.

Click here for more information about 'Bitcoin ETF' and 'Ethereum ETF'.

Image source: Fintel BlackRock also holds approximately 2.55 million shares in its own BTC ETF fund, with a current Market Cap of 130 million US dollars.

[Disclaimer] The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

The fourth season of the battle! Wall Street giants increase their holdings of Bitcoin ETFs, will the encryption market usher in a frenzy? This article was first published in 'encryption city'