Big Banks Are Loading up on Bitcoin. Should Individual Investors Do the Same?
Source: Motley Fool
2026-02-02 14:20:00 ET
Bitcoin 's (CRYPTO: BTC) price has declined nearly 20% over the past 12 months. However, the world's top cryptocurrency still has significant institutional backing.
Goldman Sachs (NYSE: GS) reportedly held $1.6 billion in Bitcoin exchange-traded funds ( ETFs ) at the end of 2024, while JPMorgan (NYSE: JPM) had invested about $343 million in those ETFs as of last November. Other major banks, including Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) , have also made modest investments in Bitcoin.
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