The post Goldman Sachs’ Ethereum ETF Holdings Surge 2,000% to $476 Million Amid Major Investments appeared on BitcoinEthereumNews.com.

In a recent report by COINOTAG on February 12th, a significant update emerged from Goldman Sachs following their 13F filing with the U.S. SEC dated February 11th. The document revealed an astounding 2,000% increase in the bank’s holdings in Ethereum ETFs for Q4 2024, surging from $22 million to an impressive $476 million. This portfolio expansion appears to be nearly evenly distributed between BlackRock’s ETHA and Fidelity’s FETH. Additionally, Goldman Sachs has made a notable investment of $6.3 million in Grayscale ETHE, highlighting a growing institutional interest in Ethereum-based assets. This move underscores the evolving landscape of cryptocurrency investments, as more financial institutions recognize the potential of Ethereum in diversifying their portfolios amidst a turbulent market atmosphere. Source: https://en.coinotag.com/breakingnews/goldman-sachs-ethereum-etf-holdings-surge-2000-to-476-million-amid-major-investments/

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Filed under: News - @ February 12, 2025 4:20 am