Goldman Sachs has increased its Bitcoin ETF holdings to $710 million, as revealed in its latest 13F filing with the SEC. The largest portion of this investment is in BlackRock’s iShares Bitcoin Trust, with 12.7 million shares worth $461 million. This represents an 83% increase from the previous filing in August.
Goldman is now the second-largest holder of the iShares Bitcoin Trust, after hedge-fund Millennium Management. The filing also showed increased positions in other major Bitcoin ETFs, including Fidelity’s Wise Origin Bitcoin ETF, the Grayscale Bitcoin Trust, and the Bitwise Bitcoin ETF.
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