Goldman Sachs and JP Morgan are reportedly helping the mass adoption of crypto. There are more banking giants who expose themselves to a particular digital asset, but it seems that this time, we’re not talking about Bitcoin or Ethereum.
According to the latest reports coming from the online publication the Daily Hodl, financial titans Goldman Sachs, JP Morgan, and UBS and brokerage firm ICAP are all exposing themselves to an exchange-traded product (ETP) tied to Polkadot’s native asset DOT, according to a CoinDesk report.
“According to the Bloomberg Terminal tape, Goldman Sachs bought three lots on behalf of a client while JP Morgan bought 500 shares, ICAP bought 1,000 shares, and UBS bought 2,770 shares,” the Daily Hodl notes.
We suggest that you check out more about what the big players are doing these days by heading over to the original article.
Bitcoin in the news
Bitcoin has been making headlines these days like there’s no tomorrow with the popularity of the digital asset going straight to the moon.
There are all kinds of optimistic predictions about the king coin these days, and earlier, we just addressed a fresh one.
On a new episode of What Bitcoin Did with Peter McCormack, Bill Barhydt said that he’s looking for potential resistance at the $60,000 level before a massive BTC correction kicks off.
“If I look at the tea leaves, we hadn’t had a 30% pullback since we went back down to $30,000 when we first got up to $44,000, $43,000, whatever it was, so we’re due for that. If I had to guess, I would say if you look at the upward slope that we’ve been on since December, depending upon how fast we get there if it’s in February, we could top out just below $60,000 and then easily fall 30%, and that would actually wind up the rubber band to probably go to $85,000 to $90,000,” he said.