Goldman Sachs increases holdings by 12 % in Q4 as a result of double-dipping in Bitcoin ETFs.

Goldman Sachs has significantly ramped up its Bitcoin exchange-traded funds ( ETF ) holdings, according to its latest 13F filing with the U. S. Securities and Exchange Commission ( SEC ).

The Wall Street giant now holds$ 1.57 billion across various Bitcoin ETFs, up 121.1 % from the$ 710 million reported in Q3.

The bank’s largest exposure lies in BlackRock’s iShares Bitcoin Trust ( IBIT ), where it now holds 24.07 million shares worth$ 1.27 billion, a more than 88 % jump in shares since its last filing.

For investors and market observers, Goldman’s expanded positions point to a robust shift in institutional investment towards Bitcoin ( BTC ) and, to a lesser extent, Ethereum ( ETH).

The filing also reveals Goldman has added$ 288 million to Fidelity’s Wise Origin Bitcoin ETF ( FBTC ), marking a 105 % increase from the previous quarter. &nbsp, Goldman now holds$ 3.6 million through Grayscale’s Bitcoin Trust ( GBTC ).

Alongside its ETF assets, the ninth-largest investment banks in the world has reported significant options trading opportunities, with places and calling totaling$ 760 million. &nbsp,

The bank holds a$ 527 million put position and an$ 84 million put through IBIT and FBTC, respectively, as well as a$ 157 million call position through IBIT.

Options allow Goldman to hedge against potential losses by placing bets on price declines ( puts ) and positioning itself for profit if prices rise further ( calls ).

Despite its judgment in the two most prominent U. S. place Bitcoin ETFs, Goldman Sachs closed small positions in others, including ARK 21Shares ‘ ARKB, Bitwise’s BITB, Grayscale’s little Bitcoin confidence, Invesco Galaxy’s BTCO, and WisdomTree’s BTCW. &nbsp,

Ethereum also saw a rise in Goldman’s portfolio, with the firm increasing its Ethereum exposure to$ 476.5 million, up from$ 25.1 million in the previous quarter — a nearly 19-fold increase. &nbsp,

The bank now holds$ 234.7 million in Ethereum through Fidelity’s FETH and$ 235.5 million through BlackRock’s ETHA, diversifying its crypto portfolio.

According to CoinGecko data, the rise in Bitcoin and Ethereum publicity is partially attributable to the increase in business rates, which saw a 40.6 % increase for both from the beginning and the end of Q4.

Bitcoin, in particular, has experienced impressive gains, reaching a record high of$ 109, 000 just before the U. S. Presidential opening. &nbsp,

The rally is fueled in part by growing administrative interest, which has been boosted by positive regulatory conditions following President Donald Trump’s victory.

Despite Bitcoin’s supremacy, Ethereum is also struggling to get similar administrative interest. &nbsp,

Ethereum’s price relative to Bitcoin has fallen 13.8 % in the past month, hitting a 4-year small, driven by technical problems and increasing administrative desire for Bitcoin.