Goldman Sachs has significantly ramped up its Bitcoin exchange-traded funds (ETF) holdings, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).
The Wall Street giant now holds $1.57 billion across various Bitcoin ETFs, up 121.1% from the $710 million reported in Q3.
The bank’s largest exposure lies in BlackRock’s iShares Bitcoin Trust (IBIT), where it now holds 24.07 million shares worth $1.27 billion, a more than 88% jump in shares since its last filing.
For investors and market observers, Goldman’s expanded positions point to a robust shift in institutional investment towards Bitcoin (BTC) and, to a lesser extent, Ethereum (ETH).
Goldman Sachs Discloses $710 Million Bitcoin ETF Holdings in SEC Filing
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...
The filing also reveals Goldman has added $288 million to Fidelity’s Wise Origin Bitcoin ETF (FBTC), marking a 105% increase from the previous quarter. Goldman now holds $3.6 million through Grayscale’s Bitcoin Trust (GBTC).
Alongside its ETF holdings, the ninth-largest investment bank in the world has reported substantial options trading positions, with puts and calls totaling $760 million.
The bank holds a $527 million put position and an $84 million put through IBIT and FBTC, respectively, as well as a $157 million call position through IBIT.
Options allow Goldman to protect itself from potential losses by betting on price declines (puts) while also positioning itself to benefit if prices rise further (calls).
Bitcoin Not a 'Threat' to US Dollar, Says Goldman Sachs CEO
Bitcoin has repeatedly pushed to new all-time-high price marks since the election, but it's still no threat to the U.S. dollar, Goldman Sachs’ CEO said during a televised appearance Wednesday. In an interview with CNBC "Squawk Box" host Andrew Ross Sorkin, Goldman head David Solomon said Bitcoin is not in competition with the U.S. dollar—a major sticking point for proponents and critics of the digital asset. “I don't see Bitcoin as a threat to the US dollar,” Solomon said. “At the end of the...
Despite its conviction in the two most prominent U.S. spot Bitcoin ETFs, Goldman Sachs closed minor positions in others, including ARK 21Shares’ ARKB, Bitwise’s BITB, Grayscale’s mini Bitcoin trust, Invesco Galaxy’s BTCO, and WisdomTree’s BTCW.
Ethereum also saw a rise in Goldman’s portfolio, with the firm increasing its Ethereum exposure to $476.5 million, up from $25.1 million in the previous quarter — a nearly 19-fold increase.
The bank now holds $234.7 million in Ethereum through Fidelity’s FETH and $235.5 million through BlackRock’s ETHA, diversifying its crypto portfolio.
The boost in Bitcoin and Ethereum exposure is partly due to the surge in market prices, as Bitcoin saw a 40.6% rise, while Ethereum gained 26.2% from the start to the end of Q4, as per CoinGecko data.
Michael Saylor's Strategy Hits Bitcoin Buy Button After a Breather
Software company Strategy, formerly MicroStrategy, resumed its Bitcoin buying last week after taking a breather following a 12 week, $20 billion shopping spree. The company, which trades on the Nasdaq under the ticker MSTR, said Monday that it had spent another $742.4 million buying 7,633 orange coins between February 3 and February 9. Strategy had been so consistent buying BTC for 12 weeks straight that it drew some attention when, the last week of January, the company didn’t buy any of the wor...
Bitcoin, in particular, has experienced impressive gains, reaching a record high of $109,000 just before the U.S. Presidential inauguration.
The rally is partly driven by growing institutional interest, bolstered by favorable regulatory conditions following the election of President Donald Trump.
Despite Bitcoin’s dominance, Ethereum is still struggling to capture similar institutional interest.
Ethereum’s value relative to Bitcoin has fallen 13.8% in the past month, hitting a 4-year low, driven by technical issues and increasing institutional demand for Bitcoin.
Edited by Sebastian Sinclair
