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Goldman Sachs has disclosed crypto holdings worth $2.4B.
Very interesting to see them holding almost as much ETH as Bitcoin.
For a conservative investment bank that typically sticks to standard portfolio structures like marketcap weighting, this speaks volumes on how they’re significantly more bullish on Ethereum than Bitcoin, which would normally be 4–6x larger in such portfolios.
This is the institutional supercycle, and ETH is clearly the institutional darling.