Big news about Bitcoin! Goldman Sachs, a giant bank, recently showed it owns some Bitcoin ETFs (like special Bitcoin funds). But it's not just betting Bitcoin will go up.
It's a more complex strategy to manage risks. They also have something called 'put options', which basically means they're prepared if the price of Bitcoin drops.
This is similar to what other big banks are doing, so don't get fooled by headlines!
- Goldman Sachs owns shares in Bitcoin ETFs.
- It also has 'put options' to protect against Bitcoin price drops.
- This isn't a simple bet on Bitcoin going up.
| Fact | Number |
|---|---|
| Goldman Sachs' stake in Fidelity Bitcoin ETF (FBTC) | $288 million |
| Goldman Sachs' stake in BlackRock's Bitcoin ETF (IBIT) | $1.3 billion |
| Value of Goldman Sachs' put options | Over $600 million |
