Fortune - Goldman Sachs Wealth Management shuns Bitcoin ETFs due to skepticism on Bitcoin's value, while other Wall Street firms are embracing them

https://fortune.com/crypto/2024/04/03/goldman-sachs-crypto-skeptics-wall-street-bitcoin-etfs/

Goldman Sachs Wealth Management is not interested in Bitcoin ETFs because they believe Bitcoin is not a valuable asset class.

Their chief investment officer, Sharmin Mossavar-Rahmani, emphasizes the lack of traditional metrics to determine Bitcoin's value.

However, other Wall Street firms are embracing Bitcoin ETFs, with some already offering them and others considering adding them to their platforms.

Beware of Bitcoin ETF hype!!