“Goldman Sachs Expands Bitcoin ETF Holdings: Should You?” (Yahoo Finance/Zachs Investment Research)
“Goldman Sachs, one of the world's largest investment banks, has significantly increased its Bitcoin exchange-traded fund (ETF) holdings, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), per Street.com, as quoted on Yahoo Finance.
Increased Investments in Bitcoin ETFs
The filing, dated February 12 and covering Q4 2024, reveals that Goldman Sachs now holds $1.27 billion in the iShares Bitcoin Trust ETF (IBIT), totaling 24,077,861 shares. This marks an 88% increasefrom its previous filing covering July to September 2024. The iShares Bitcoin Trust ETF provides institutional investors with exposure to Bitcoin without directly holding the cryptocurrency.
Additionally, the firm disclosed a $288 million stake in the Fidelity Wise Origin Bitcoin Fund (FBTC), amounting to 3,530,486 shares — a 105% increase compared to the previous quarter. This ETF also tracks Bitcoin’s price movements, offering a regulated investment option for institutions.” (Yahoo Finance/Zachs Investment Research)
