Goldman Sachs Expands Bitcoin ETF Holdings To $710 Million

Goldman Sachs GS has dramatically increased its exposure to Bitcoin BTC/USD ETFs, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), reflecting growing institutional interest in digital assets.

What Happened: The Wall Street powerhouse disclosed $710 million invested across multiple Bitcoin exchange-traded funds (ETFs) for the quarter ending September 30. A 13F filing is a quarterly report required by the SEC for institutional investors managing over $100 million in assets.

Major Holdings in BlackRock's Bitcoin Trust

The filing highlights Goldman Sachs’ significant stake in BlackRock's iShares Bitcoin Trust IBIT, with 12.7 million shares valued at $461 million.

This marks an 83% increase from its August holdings of 6.9 million shares, then valued at $281 million, and solidifies Goldman's position as the second-largest holder of IBIT, trailing only Millennium Management, which leads with $844 million in holdings.

Also Read: Bitcoin, Dogecoin Success Driven By ‘Narrative And Momentum,’ Report Argues

Diversifying Bitcoin ETF Investments

Goldman also boosted its positions in other prominent Bitcoin ETFs. Notable increases include:

• Fidelity's Wise Origin Bitcoin ETF FBTC: 1.7 million shares worth $95.5 million, a 13% rise.
• Grayscale Bitcoin Trust GBTC: 1.4 million shares valued at $71.8 million, a 116% increase.
• Bitwise Bitcoin ETF BITB: 650,961 shares worth $22.5 million, marking a 156% rise.

The bank also reported smaller stakes in Bitcoin ETFs offered by Invesco Galaxy, WisdomTree and ARK 21Shares.

Institutional Confidence In A Booming Market

Goldman's expanded investments coincide with record inflows into spot Bitcoin ETFs. BlackRock's IBIT recently surpassed the iShares Gold ETF (IAU) in net assets, an impressive milestone considering IBIT's launch occurred just this January.

The rising momentum aligns with broader market optimism for a pro-crypto regulatory environment under the incoming Trump administration, which has pledged support for crypto mining and a national Bitcoin reserve.

Goldman's aggressive moves into Bitcoin ETFs underscore the shifting landscape for digital assets, signaling increasing institutional adoption of cryptocurrency as a mainstream asset class.

To explore these developments further, Benzinga's Future of Digital Assets event on Nov. 19 offers in-depth insights into the evolving crypto investment landscape.

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• 18 Republican States Sue Biden’s SEC Over Harsh Crypto Crackdown

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