Goldman Sachs has significantly increased its Bitcoin ETF holdings, as disclosed in its recent 13F filing with the SEC. The financial giant now holds $710 million in various Bitcoin ETFs, according to the filing for the quarter ending September 30. This move indicates a growing institutional interest in digital assets. Goldman's primary exposure is in BlackRock’s iShares Bitcoin Trust (IBIT), with 12.7 million shares valued at $461 million. This marks an 83% increase from its previous filing. Additionally, the bank has boosted its positions in other major Bitcoin ETFs like Fidelity’s Wise Origin Bitcoin ETF (FBTC) and the Grayscale Bitcoin Trust (GBTC). The surge in Goldman’s Bitcoin ETF investments coincides with a rise in spot Bitcoin ETF inflows. BlackRock’s IBIT recently surpassed its iShares Gold ETF (IAU) in net assets, reflecting the market's positive outlook on crypto regulation under the Trump administration. Read more AI-generated news on: https://app.chaingpt.org/news
Goldman Sachs Reveals $710 Million Bitcoin ETF Holdings in SEC Filing
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