Goldman Sachs Launches Bitcoin ETF
Goldman Sachs unveils Bitcoin Premium ETF amid Deutsche Börse's Kraken investment and U.S. bank warnings on stablecoin yields impacting credit markets.
SourceGoldman Sachs gears up to launch a Bitcoin Premium ETF, signaling deeper Wall Street integration into crypto, while Deutsche Börse pours investment into Kraken exchange, and the U.S. bank lobby raises alarms that stablecoin yields could squeeze credit availability and spike borrowing costs—echoing historical concerns from the past year where banks lobbied against crypto's encroachment on traditional finance. Henri Arslanian breaks it down in his latest newsletter, sponsored by @bronwallet, amid surging interest in BTC price prediction and broader crypto market trends.
Zooming into the 4-hour BTC chart, price action holds bullish above the EMA200 at $70571.98, with the EMA50 at $72899.19 acting as immediate support—yet the MACD death cross at 672.6 screams caution, signaling weakening momentum even as RSI at 59.12 stays neutral. Price squeezes inside Bollinger Bands, testing upper resistance at $75510.4 while lower support at $73490.56 looms; expect a tactical pullback to that EMA50 confluence before bulls reclaim control, especially with Bitcoin hype mirroring trends in assets like TAO.
Henri Arslanian
@HenriArslanianCo-Founder, Nine Blocks - Crypto Hedge Fund - ex-PwC Crypto Leader - Author “The Book of Crypto”, Host of Crypto Capsule™ and Future of Money Podcast/Newsletter