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In summary
- Goldman Sachs increased its shares in BlackRock’s IBIT by 83%, reaching 12.7 million valued at $461 million.
- Goldman’s position in the Wise Origin ETF rose 13%, amassing 1.7 million shares valued at $95.5 million.
- Investment in GBTC grew by 116%, totaling 1.4 million shares worth $71.8 million.
Goldman Sachs has significantly expanded its Bitcoin ETF holdings, as revealed in its latest 13F filing with the United States Securities and Exchange Commission (SEC).
The Wall Street giant owns $710 million in various Bitcoin exchange-traded funds (ETFs), according to its latest SEC filing for the quarter ending September 30.
The 13F report is a quarterly report required by the SEC for institutional investment managers with more than $100 million in assets under management.
For investors and market watchers, Goldman’s expansion in its Bitcoin ETF holdings is a strong indicator that institutional interest in digital assets is gaining momentum.
The bank’s biggest risk lies in BlackRock’s iShares Bitcoin Trust (IBIT), where it now owns 12.7 million shares valued at $461 million at the time the filing was prepared. This represents an 83% increase from its previous filing in August of 6.9 million shares, then valued at $281 million.
With this, Goldman becomes the second largest holder of IBIT, only behind the hedge fund Millennium Management, which leads with $844 million in assets.
The filing also shows Goldman increasing its positions in other major Bitcoin ETFs. The bank now owns more than 1.7 million shares in the Fidelity Wise Origin Bitcoin ETF (FBTC), valued at $95.5 million, representing an increase of 13%.
He also increased his stake in the Grayscale Bitcoin Trust (GBTC) by 116%, bringing his assets to more than 1.4 million shares valued at $71.8 million. Goldman also increased its holdings in the Bitwise Bitcoin ETF (BITB) by 156%, totaling 650,961 shares worth $22.5 million.
Other smaller holdings in Invesco Galaxy, WisdomTree and ARK 21Shares Bitcoin ETFs were also reported.
The surge in Goldman’s Bitcoin ETF investments comes amid record inflows into spot Bitcoin ETFs. Last week, BlackRock’s IBIT surpassed its established iShares Gold ETF (IAU) in net assets, in a significant achievement given that IBIT was launched in January.
The market rally is attributed to expectations of a pro-crypto regulatory environment under the Trump administration, with promises to support Cryptocurrency Mining and establish a Bitcoin reserve.
Edited by Stacy Elliott.
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