- Goldman Sachs holds $710 million in Bitcoin ETFs, including 12.7 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) valued at $461 million.
- Goldman increased its stake in the Grayscale Bitcoin Trust (GBTC) by 116%, holding 1.4 million shares worth $71.8 million.
Goldman Sachs has emerged as a significant player in the Bitcoin ETF market, disclosing $710 million in holdings in its latest 13F filing with the U.S. Securities and Exchange Commission (SEC) for the quarter ending September 30. This move cements its position as the second-largest holder of BlackRock’s iShares Bitcoin Trust (IBIT), trailing only Millennium Management, which leads with $844 million in holdings.
Goldman now holds 12.7 million shares of IBIT, valued at $461 million, marking an impressive 83% increase from its previous August filing. Back then, the bank reported 6.9 million shares worth $281 million.
The Wall Street giant has also bolstered its positions in other Bitcoin ETFs. Its holdings in Fidelity’s Wise Origin Bitcoin ETF (FBTC) rose by 13%, now totaling 1.7 million shares worth $95.5 million. Meanwhile, Goldman increased its stake in the Grayscale Bitcoin Trust (GBTC) by a staggering 116%, bringing its total to 1.4 million shares valued at $71.8 million. In the Bitwise Bitcoin ETF (BITB), the bank’s position surged by 156%, reaching 650,961 shares worth $22.5 million. Smaller investments were also made in ETFs managed by Invesco Galaxy, WisdomTree, and ARK 21Shares.
This uptick in Bitcoin ETF investments aligns with record inflows into spot Bitcoin ETFs. BlackRock’s IBIT recently surpassed its iShares Gold ETF (IAU) in net assets—a notable achievement given that IBIT debuted in January.
Goldman’s growing interest underscores the increasing momentum of institutional adoption of digital assets, signaling confidence in a pro-crypto regulatory environment. With Bitcoin ETFs gaining traction, industry observers will closely watch how Goldman’s strategy shapes broader market dynamics.
Edited by Harshajit Sarmah
