Major Wall Street banks like Goldman Sachs, Morgan Stanley, and Bank of America have been gradually accumulating shares in spot bitcoin exchange-traded funds (ETFs) for their clients during the third quarter. Despite a subdued market with prices fluctuating between $53,000 and $66,000, the banks expect an increase in institutional interest due to recent significant price spikes following the U.S. presidential election. Goldman Sachs notably reported an increase in its holdings to $710 million, nearly doubling their previous quarter's $418 million. Recent bullish trends in Bitcoin, breaking past March's record of $73,700 and reaching $93,400, could lead to a surge in 'fear of missing out' (FOMO) among institutions looking to secure positions as the crypto-friendly Trump administration takes office. Analysts anticipate that the next quarterly 13F filings may reveal more substantial movements in institutional crypto investments than the current filings, reflecting the shift in the market sentiment post-election.

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