Key Takeaways:
- Goldman Sachs disclosed over $400 million in Bitcoin ETFs in its latest 13F filing.
- The bank’s largest investment is in the iShares Bitcoin Trust (IBIT) with $238.6 million.
- Goldman Sachs is shifting towards asset digitization, acknowledging the potential of digital assets.
Goldman Sachs has disclosed holdings of over $400 million in Bitcoin exchange-traded funds (ETFs) in its recent 13F filing.
The bank invested in seven out of 11 available Bitcoin ETFs in the U.S., with its largest stake in the iShares Bitcoin Trust (IBIT) at $238.6 million, followed by $79.5 million in Fidelity’s Bitcoin ETF (FBTC).
BREAKING: 🇺🇸 Goldman Sachs reports holding over $400 million in spot #Bitcoin ETFs in new SEC filing 👀 pic.twitter.com/n4nWDfCm6w
— Bitcoin Magazine (@BitcoinMagazine) August 14, 2024
Smaller positions include $56.1 million in Invesco Galaxy’s BTC ETF and $35.1 million in Grayscale’s GBTC.
JUST IN: $2.8 trillion asset manager Goldman Sachs discloses $418 million #Bitcoin ETF holdings.
— Watcher.Guru (@WatcherGuru) August 14, 2024
Despite previous skepticism from the bank’s Wealth Management CIO, Goldman Sachs is now focusing on asset digitization, recognizing the potential of digital assets to enhance financial system efficiency.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
