Wall Street’s growing appetite for Bitcoin ETFs was back in focus Tuesday after an SEC filing showed Goldman Sachs holds more than $1 billion in the cryptocurrency through spot Bitcoin funds, including BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin Fund (BATS:FBTC).

The move highlights how big institutions increasingly favor regulated ETF products to holding crypto assets directly, despite the fact that the price of Bitcoin is volatile and investor sentiment is unstable.

Institutional Access Without Direct Crypto Risk

Goldman’s move is consistent with institutional investors’ general preferences about liquidity and regulatory clarity.

Spot bitcoin ETFs…

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