Investment Learning

  • August 14, 2024

Goldman Sachs, Morgan Stanley took stakes in US spot bitcoin ETFs in Q2, filings show

Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filings showed on Wednesday. The two banks joined a group of hedge funds and financial advisers that have waded into the products, which began trading in January 2024. Goldman Sachs said in its quarterly disclosure to the Securities and Exchange Commission, known as a 13-F filing, that it had acquired about $418 million in several of the recently launched ETFs tied to the price of spot bitcoin.

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  • August 13, 2024

Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%

Riot acquired 1 million common shares of Bitfarms on Tuesday, representing about 0.22% of issued and outstanding Bitfarms common stock. The acquisition takes the total count of Bitfarms shares owned by Riot to about 85.3 million. Bitfarms said earlier in the day its co-founder and chair Nicolas Bonta, one of the three board members top shareholder Riot sought to replace, would leave the company immediately.

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