The post Goldman Quietly Accumulates $2.3 Billion in Bitcoin ETFs appeared on BitcoinEthereumNews.com.

Goldman Sachs has increased its Bitcoin ETF holdings to $2.3 billion, showing strong institutional interest in cryptocurrency. The bank invests mainly in iShares Bitcoin Trust and Fidelity’s Bitcoin Fund while avoiding direct Bitcoin ownership due to regulations. The financial institution Goldman Sachs has raised its Bitcoin resources through Exchange-Traded Funds (ETFs) to $2.3 billion based on its 13F filing reports. The institution’s cryptocurrency assets interest shows accelerating growth by adding $710 million to its previous financial quarter metrics. The bank puts the majority of its investment capital into two essential Bitcoin ETFs, indicating steady growth in the acceptance of digital assets by institutional investors. Details of Bitcoin ETF Holdings Among the $2.3 billion Bitcoin ETF holdings at Goldman Sachs, the iShares Bitcoin Trust (IBIT) is the primary investment worth $1.9 billion. The Bitcoin investment vehicle, along with attracting institutional and retail investors, has become a leading fund that institutions and retail investors utilize for Bitcoin investment. Goldman Sachs extends its Bitcoin ETF portfolio through its holding of $374 million Fidelity Wise Origin Bitcoin Fund (FBTC) along with other assets. The bank holds minimal exposure to Grayscale Bitcoin Trust ETF (GBTC) but maintains substantial investments in IBIT and FBTC, as demonstrated by its strategic moves within the cryptocurrency field. As the Bitcoin ETF market gains attention from major institutional investors, the financial giant has chosen to increase its Bitcoin ETF investment exposure. Bitcoin acceptance in the market keeps advancing, so financial institutions like Goldman Sachs are exploring cryptocurrency participation methods that address regulatory requirements. Goldman Sachs CEO David Solomon expresses guarded perspectives about Bitcoin’s long-term trend after his firm submits sizable funds toward Bitcoin ETFs. In an interview with CNBC, Solomon stated that Bitcoin exhibits interesting speculative value, yet he doubts its ability to supplant the position of the US dollar…

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Filed under: News - @ February 13, 2025 1:26 pm