• Aug 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.

  • Aug 14, 2024

Stocks Rise as CPI ‘Checks The Box’ for Fed Cuts: Markets Wrap

(Bloomberg) -- Stocks rose after an in-line US inflation report did little to alter bets the Federal Reserve will start cutting rates in September.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe S&P 500 extended its advance into a fifth strai