Goldman Sachs expands ETH ETF holdings by 2,000% – Details
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Journalist Posted: February 12, 2025 Goldman Sachs expanded Bitcoin and Ether ETF holdings, signaling strong institutional crypto adoption. Ethereum ETFs saw rising inflows, sparking speculation of an upcoming “Ethereum Season.” The crypto Exchange-Traded Fund (ETF) market has experienced a remarkable surge since its launch, marking a significant milestone for both spot Bitcoin [BTC] and spot Ethereum [ETH] ETFs. Goldman Sachs leans towards ETH ETF Investment giant Goldman Sachs recently showed strong confidence in the sector by increasing its spot Ether ETF holdings by an astonishing 2,000% in the fourth quarter of 2024. According to its Form 13F filing with the SEC, the investment giant increased its spot Ether ETF holdings from $22 million to $476 million. They allocated nearly equal shares between BlackRock’s iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH), along with an additional $6.3 million into the Grayscale Ethereum Trust ETF (ETHE). Simultaneously, the firm boosted its Bitcoin ETF investments by 114%, reaching $1.52 billion. This included a substantial $1.28 billion purchase in the iShares Bitcoin Trust (IBIT), reflecting a 177% rise from Q3, and $288 million in the Fidelity Wise Origin Bitcoin Fund (FBTC). Is Ethereum season around the corner? Meanwhile, on the 11th of February, Bitcoin ETFs recorded outflows of $56.7 million, while Ethereum ETFs saw inflows of $12.6 million, according to Farside Investors. This shift in capital allocation suggests a growing preference for Ethereum-based investment products over Bitcoin. Thus, as Ethereum ETFs continue to attract fresh capital, speculation is mounting that an “Ethereum Season” could be unfolding. Additionally, Goldman Sachs’ latest filings reveal a deepening commitment to the crypto ETF market, with the firm now holding $3.6 million in Grayscale Bitcoin Trust (GBTC) while increasing its exposure to Bitcoin and Ether ETFs. The surge in holdings aligns with BTC and ETH price gains…
Filed under: News - @ February 12, 2025 2:25 pm