Goldman Sachs has increased its investment in Bitcoin ETFs, as revealed in its latest 13F filing with the SEC. The Wall Street giant now holds $710 million in various Bitcoin exchange-traded funds (ETFs), as of its latest SEC filing for the quarter ending September 30. This marks an expansion of Goldman’s Bitcoin ETF holdings, and is a strong indicator of growing institutional interest in digital assets.
The bank’s largest exposure lies in BlackRock’s iShares Bitcoin Trust (IBIT), where it now holds 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, valued at $281 million. Goldman also increased its positions in other major Bitcoin ETFs, including Fidelity’s Wise Origin Bitcoin ETF (FBTC), the Grayscale Bitcoin Trust (GBTC), and the Bitwise Bitcoin ETF (BITB).
This surge in Goldman’s Bitcoin ETF investments comes amid record inflows into spot Bitcoin ETFs.
