Goldman Sachs’ Bitcoin ETF Holdings Surge 83% in Latest Filing
Goldman Sachs has significantly boosted its Bitcoin ETF investments, according to the bank’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC). As of the filing for the quarter ending September 30, Goldman Sachs holds a total of $710 million across various Bitcoin exchange-traded funds (ETFs), signaling a growing institutional interest in digital assets.
A 13F filing is a mandatory quarterly report for institutional investment managers with over $100 million in assets under management. For market watchers, Goldman’s increased Bitcoin ETF exposure is seen as a strong sign that institutional capital is increasingly flowing into the cryptocurrency sector.
Goldman’s Largest Bitcoin ETF Position: BlackRock’s IBIT
The bulk of Goldman Sachs’ Bitcoin ETF investments are in BlackRock’s iShares Bitcoin Trust (IBIT), where the bank now holds 12.7 million shares worth $461 million at the time of the filing. This represents a remarkable 83% increase from its previous position in August, when it held just 6.9 million shares valued at $281 million. With this move, Goldman Sachs becomes the second-largest holder of IBIT, trailing only behind Millennium Management, which leads with $844 million in holdings.
Goldman’s increased stake in IBIT underscores the bank’s commitment to the Bitcoin market and aligns with the broader trend of institutional adoption of cryptocurrencies. As analyst reports suggest, the rise in Bitcoin ETF investments reflects a more significant shift towards digital assets among traditional financial institutions.
Goldman Expands Stake in Multiple Bitcoin ETFs
Beyond BlackRock’s IBIT, Goldman Sachs has also expanded its holdings in other major Bitcoin ETFs. The bank has increased its position in Fidelity’s Wise Origin Bitcoin ETF (FBTC), now holding over 1.7 million shares worth $95.5 million, a 13% rise from previous filings. In addition, Goldman boosted its stake in the Grayscale Bitcoin Trust (GBTC) by 116%, bringing its total holdings to more than 1.4 million shares valued at $71.8 million.
Other Bitcoin ETFs in which Goldman Sachs has ramped up its holdings include Bitwise’s Bitcoin ETF (BITB), where the bank increased its position by 156%, bringing its total to 650,961 shares worth $22.5 million. The filing also reveals smaller positions in ETFs such as Invesco Galaxy, WisdomTree, and ARK 21Shares Bitcoin ETFs.
The rise in Bitcoin ETF investments by Goldman Sachs mirrors broader trends in the market, particularly the surge in inflows into spot Bitcoin ETFs. As of last week, BlackRock’s IBIT surpassed its iShares Gold ETF (IAU) in net assets, a significant achievement given that IBIT launched only in January.
Institutional Bitcoin ETFs See Record Inflows Amid Favorable Regulatory Outlook
Goldman’s expanded Bitcoin ETF holdings come amid record-breaking inflows into spot Bitcoin ETFs. This surge is partly attributed to growing optimism over a more favorable regulatory environment for cryptocurrencies, particularly under the Trump administration. Promises to support crypto mining and establish a Bitcoin reserve have bolstered investor confidence, further driving institutional interest in Bitcoin and other digital assets.
With these strategic investments, Goldman Sachs is positioning itself as a key player in the Bitcoin ETF space, solidifying its commitment to the digital asset market as institutional interest continues to gain momentum.
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