Goldman Sachs Files First Spot Bitcoin ETF as ETFs Draw $332M Inflows
Goldman Sachs filed for its first spot Bitcoin ETF as Bitcoin rallied 14% and US-listed ETFs saw $332 million inflows this week. It also flagged bullish outlook on China’s optical-communications chips after Yuanjie Semiconductor shares jumped 9.6% to 1,439 yuan.
1. Bitcoin ETF Filing
Goldman Sachs submitted a registration for a spot Bitcoin exchange-traded fund, marking its first direct crypto market entry. The move follows a 14% Bitcoin rally and $332 million of inflows into US-listed spot Bitcoin ETFs this week, highlighting growing institutional demand.
2. Positive Outlook on Optical-Chips Sector
The bank released research endorsing China’s optical-communications chip industry after Yuanjie Semiconductor shares rose 9.6% to 1,439 yuan. Goldman Sachs cited accelerating AI data-center requirements as a catalyst for robust chip demand and sector expansion.