As reported by Coindesk, Goldman Sachs has acquired ETF issuer Innovator Capital for approximately $2 billion, a move with potential implications for the crypto industry. The Wall Street bank's purchase could reshape the ETF sector, which is projected to grow to $3 trillion by 2033, particularly in the spot bitcoin ETF market. Goldman Sachs CEO David Solomon emphasized the transformative potential of active ETFs, while BlackRock, the world's largest asset manager, has already seen bitcoin ETFs become its most profitable product line. Innovator has previously offered crypto exposure through structured ETFs like the Innovator Uncapped Bitcoin 20 Floor ETF. Some industry experts argue that this deal reflects crypto's increasing integration into traditional finance, while others warn it risks diluting the original ethos of the space. Komodo Platform CTO Kadan Stadelmann noted that Bitcoin is shifting from a political tool to a financial one, as major institutions like BlackRock and Fidelity become dominant players.
Goldman Sachs Acquires ETF Issuer for $2B, Sparking Debate on Crypto's Future
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