The post Goldman Sachs Expands Bitcoin ETF Holdings, Suggesting Growing Institutional Interest in Digital Assets appeared on BitcoinEthereumNews.com.

Goldman Sachs has significantly increased its stake in Bitcoin, signaling a robust institutional interest in the cryptocurrency market. The investment banking powerhouse’s latest 13F filing reveals a noteworthy surge in holdings of Bitcoin exchange-traded funds (ETFs), marking a pivotal moment in institutional crypto investment. “The sharp rise in holdings underscores the growing confidence in Bitcoin as a mainstream asset class,” said analysts at COINOTAG, highlighting the potential for increased market participation. Goldman Sachs ramps up Bitcoin investments, acquiring $1.27B in iShares Bitcoin Trust and increasing Fidelity’s Wise Origin stake, reflecting institutional confidence. Goldman Sachs Bolsters Bitcoin ETF Holdings Amid Market Growth In the final quarter of 2024, Goldman Sachs made a strategic move by investing heavily in the two largest spot Bitcoin exchange-traded funds (ETFs). The bank’s recent 13F filing reveals a total investment of $1.27 billion in BlackRock’s iShares Bitcoin Trust ETF (IBIT), which has emerged as the largest spot Bitcoin ETF by assets under management. This investment reflects an astounding 88% increase in share ownership from the previous quarter, indicating a strong belief in Bitcoin’s trajectory. Fidelity’s Wise Origin Bitcoin Fund Sees Significant Additions In tandem with its investment in the iShares ETF, Goldman Sachs also significantly boosted its holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC). The bank’s latest 13F filing shows ownership of $288 million in FBTC, comprising 3.5 million shares. This increase of 105% from the previous period underscores the bank’s intention to diversify its crypto holdings and embrace the increasing institutional backing of Bitcoin. Understanding 13F Filings and Their Importance Every quarter, institutional investment managers overseeing more than $100 million in equity assets are mandated to file 13F reports with the U.S. Securities and Exchange Commission (SEC). These filings provide a transparent view into the stock holdings of these major players, revealing insights…

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Filed under: News - @ February 11, 2025 11:24 pm