⚡️🚨 NEW - Goldman Sachs has acknowledged, for…

⚡️🚨 NEW - Goldman Sachs has acknowledged, for the first time, in its annual letter to shareholders 2024, the growing importance of cryptocurrencies on the financial markets.

As of December 31, Goldman Sachs held $1.27 billion in BlackRock's IBIT and $288 million in Fidelity's FBTC.

"The growth of e-commerce and the introduction of new products and technologies, including distributed ledger trading and technologies, such as crypto-currencies and AI technologies, have increased competition."

"In certain circumstances, our competitors may offer financial products that we do not and that our customers may prefer, including crypto-currencies and other digital assets that we cannot or may not choose not to provide."