Key takeout
- Goldman Sachs increased Bitcoin ETF Holdings by up to 105% in the fourth quarter.
- Banks combine direct exposure with Bitcoin ETF options strategy, reflecting growing institutional interest.
Please share this article
Goldman Sachs has significantly increased its Bitcoin ETF Holdings, expanding its position in ISHARES Bitcoin Trust (IBIT) by 88%, while Franklin Bitcoin Trust (FBTC) has expanded its position by 105% compared to previous filings. According to recent SEC submissions.
November, Goldman has disclosed its holdings of more than $460 million BlackRock's IBIT Bitcoin ETF marks a marked shift from previous crypto skepticism.
13F filing reveals that Goldman Sachs has adopted a diverse approach to digital asset exposure, including optional positions for these ETFs.
This strategy includes both direct ETF ownership and derivatives that trade through call and placement options.
Portfolio adjustments come amid a wider market movement in crypto assets, with Goldman's rise reflecting a growing institutional interest in Bitcoin-related investment products.
Last July, the company announced plans to launch three tokenized funds targeting the US and European markets with the aim of integrating blockchain technology into its business.
Additionally, in November, Goldman launched a blockchain venture focused on optimizing financial instrument trading and settlement processes, while supporting tokenization of funds.
Please share this article
