Goldman Sachs has significantly expanded its Bitcoin ETF holdings, as revealed in its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).
The Wall Street giant holds $710 million across various Bitcoin exchange-traded funds (ETFs), according to its latest SEC filing for the quarter ending September 30.
A 13F filing is a quarterly report mandated by the SEC for institutional investment managers with over $100 million in assets under management.
BlackRock’s Bitcoin ETF Is Now Bigger Than Its Gold Fund
BlackRock, the world’s largest asset manager, now handles more Bitcoin than gold for its flagship iShares exchange-traded funds (ETFs). To put it more precisely: The Wall Street giant’s iShares Bitcoin Trust ETF (IBIT) has now surpassed its iShares Gold ETF (IAU) in terms of net assets—a remarkable feat given the fact that the former product has only existed since January. The iShares Gold ETF has been offered since 2005; BlackRock acquired the business and brand from Barclays in 2009. As of m...
For investors and market observers, Goldman expanding its Bitcoin ETF holdings is a strong indicator that institutional interest in digital assets is gaining momentum.
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 then at $281 million.
With this, Goldman becomes the second-largest holder of IBIT, trailing only behind the hedge-fund Millennium Management, which leads with $844 million in holdings.
The filing also shows Goldman boosting its positions in other major Bitcoin ETFs. The bank now holds over 1.7 million shares in Fidelity’s Wise Origin Bitcoin ETF (FBTC), worth $95.5 million, marking a 13% rise.
It also increased its stake in the Grayscale Bitcoin Trust (GBTC) by 116%, bringing its holdings to over 1.4 million shares valued at $71.8 million. Goldman also ramped up its holdings in the Bitwise Bitcoin ETF (BITB) by 156%, totaling 650,961 shares worth $22.5 million.
Why Bitcoin ETF Options Will Supercharge the Trump Trade, According to QCP
Bitcoin ETFs are witnessing a record surge in inflows, and according to analysts, the momentum is far from over. Experts point to several factors, including strong institutional demand, favorable market conditions, and increasing confidence in Bitcoin as an asset class—all of which are likely to fuel further growth in inflows. Bitcoin ETFs saw net inflows of $2 billion last week, making it the third-largest inflow in history. Leading the pack was BlackRock’s (IBIT) ETF, which brought in $1 billi...
Other smaller stakes in Invesco Galaxy, WisdomTree, and ARK 21Shares Bitcoin ETFs were also reported.
The surge in Goldman’s Bitcoin ETF investments comes amid record inflows into spot Bitcoin ETFs. Last week, BlackRock’s IBIT by surpassed its long-established iShares Gold ETF (IAU) in net assets, a feat given that IBIT was launched only in January.
The market rally is attributed to expectations of a pro-crypto regulatory environment under the Trump administration, with promises to support crypto mining and establish a Bitcoin reserve.
Edited by Stacy Elliott.
