Goldman Sachs $2 billion acquisition of ETF issuers, are crypto assets going to be "incorporated" by Wall Street?

Question

[Coin World] Goldman Sachs has really made a big move this time - directly spending $2 billion to acquire the ETF issuer Innovator Capital. This is not just a simple buyout; the calculations behind it involve the entire Crypto Assets ETF market, which is expected to expand to a size of $30 trillion by 2033 according to some institutions.

In fact, Goldman Sachs has already been laying the groundwork, and it is already an authorized participant in several mainstream spot Bitcoin ETFs. This acquisition feels more like a full-scale offensive, aiming to completely expand the coverage of emerging investment products like Crypto Assets.

However, opinions within the industry are polarized. Optimists believe this will completely legitimize Crypto Assets and accelerate the mainstreaming process. However, some are concerned that Bitcoin, originally a decentralized free asset, is now being targeted by traditional financial institutions on Wall Street. Will it ultimately become another financial tool for them to harvest profits from retail investors? This question deserves careful consideration.

AltcoinHunter · Accepted Answer

Goldman&#39;s move means that they are trying to corner our little territory with the 2 billion they dumped. 30 trillion? I believe it, but at that time, it&#39;s hard to say how much soup the retail investors will get.

Can the dream of Decentralization coexist with Wall Street&#39;s greed? I seriously doubt it.

I&#39;ve said it before, institutions are here to harvest, can BTC maintain its original intention? You&#39;re thinking too much, brother.

This is a blatant scheme, if you don&#39;t get on board, you&#39;re out, but if you do get on board, you&#39;ll get played for suckers. You asked the right question, but you already know the answer.

ETFs won&#39;t whitewash anything, they&#39;re just changing their outfits to continue playing people for suckers. After playing this trick for so many years, are there still people who believe it?

30 trillion is bait... when that day comes, what voice will we small retail investors have?

Just watching, Goldman&#39;s making moves, I&#39;m observing, let&#39;s wait and see, currently holding coins and waiting for the flowers to bloom.

ProofOfNothing · Answer

2000000000 get dumped and think you can completely control the market trend? Heh, are you not familiar with the old tricks of Wall Street?

Wait, 3 trillion? How can this number be...

Can Decentralization still exist, brother? Now we are almost trapped in financial shackles.

If I had known it would be like this, I should have hoarded more at the beginning.

Goldman Sachs plays this game hard, but don&#39;t forget what made Bitcoin rise.

BlockDetective · Answer

They are at it again, playing people for suckers. Wall Street really knows how to work this routine.

Can Goldman Sachs just leave Bitcoin alone? They want everything from it.

30 trillion? Give me a break, in the end, they will still suck us dry.

But to be fair, mainstreaming does require the participation of these big players... it&#39;s a contradiction.

TradFi getting on board equals going public, and the spirit of freedom is just gone.

2 billion dollars to lay the network, step by step, they are trapping us all in.

The original meaning of Bitcoin has been hollowed out, and that&#39;s the real tragedy.

SchrodingerWallet · Answer

Wall Street has really started to take action, everyone wants a bite of the 3 trillion big cake.

Has the original intention of Bitcoin really disappeared? It has been ruined by those old guys.

They want to monopolize the entire market by dumping 2 billion, I&#39;m too familiar with this trick.

We&#39;re going to be played for suckers again, this time it&#39;s just a different system packaging.

Retail investors are still wandering in their dreams, the market makers have probably already entered a position.

BrokeBeans · Answer

2 billion get dumped, this is how Wall Street plays, sooner or later turning BTC into their ATM.

Wall Street really has its eyes on us, what should we do now, mainstream or be assimilated?

30 trillion? My god, should I be happy or alert about this?

The dream of decentralization feels shattered by Goldman’s check.

But speaking of which, having institutional backing can indeed attract more newbies to get on board, this counts as favourable information, right?

MevShadowranger · Answer

2 billion get dumped, Wall Street really treats us like an ATM

I’m optimistic about Bitcoin going back below 10k

Goldman Sachs&#39; move... why do I feel like BTC is going to be played badly?

3 trillion? Are you dreaming? Haha, the premise is that they have to let retail investors go first

The dream of Decentralization is getting further away, brothers