According to Goldman Sachs ‘ most recent 13F filing with the U.S. Securities and Exchange Commission ( SEC ), the company’s Bitcoin ETF holdings have significantly increased.
According to its most recent SEC filing for the quarter ending September 30, the Wall Street giant owns$ 720 million in various Bitcoin exchange-traded funds ( ETFs ).
Institutional investment managers with over$ 100 million in assets under management must submit a 13F registration as part of a quarterly report mandated by the SEC.
The expansion of Goldman’s Bitcoin ETF assets is a strong indication that administrative interest in digital assets is growing, both for investors and industry observers.
The bank’s largest exposure lies in BlackRock’s iShares Bitcoin Trust ( IBIT ), where it now holds 12.7 million shares valued at$ 461 million at the time the filing was prepared. This represents an 83 % increase from its previous filing in August of 6.9 million shares, valued then at$ 281 million.
With this, Goldman becomes the second-largest holder of IBIT, trailing only behind the hedge-fund Millennium Management, which leads with$ 844 million in holdings.
Additionally, Goldman’s position advancements in various significant Bitcoin ETFs are apparent in the filing. The bank now holds over 1.7 million shares in Fidelity’s Wise Origin Bitcoin ETF ( FBTC ), worth$ 95.5 million, marking a 13 % rise.
It also increased its stake in the Grayscale Bitcoin Trust ( GBTC ) by 116 %, bringing its holdings to over 1.4 million shares valued at$ 71.8 million. Goldman also ramped up its holdings in the Bitwise Bitcoin ETF ( BITB ) by 156 %, totaling 650, 961 shares worth$ 22.5 million.
Another smaller bets in Invesco Galaxy, WisdomTree, and ARK 21Shares Bitcoin ETFs were also reported.
In response to report inflows into place Bitcoin ETFs, Goldman’s investment volume has increased. Last year, BlackRock’s IBIT by surpassed its long-established iShares Silver ETF ( IAU) in online resources, a feat given that IBIT was launched only in January.
The Trump administration’s promise to support crypto miners and create a Bitcoin reserve fuels the market’s increase.
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