Goldman Sachs has unveiled its investment in Bitcoin-related exchange-traded funds (ETFs), providing new insights into the extent of its client investments in these assets.
Goldman Sachs, a leading investment bank, has disclosed holding $418 million in Bitcoin exchange-traded funds (ETFs) as of June 30, according to the firm's recent 13F filing with the U.S. Securities and Exchange Commission (SEC).
The filing reveals that Goldman Sachs holds a substantial stake in BlackRock’s iShares Bitcoin Trust (NYSE: BITO), with $238.6 million in the ETF, which is the largest Bitcoin ETF by assets under management (AUM). The bank holds 6,991,248 shares of BITO, as per the filing.
Goldman Sachs also has smaller holdings in other Bitcoin ETFs, including $79.5 million in the Fidelity ProShares Bitcoin Strategy ETF (NYSE: BITO), $35.1 million in the Grayscale Bitcoin Trust (OTC: GBTC), and $56.1 million in the Invesco Galaxy Bitcoin ETF (BZX: GLDI).
Moreover, the bank holds $8.3 million in the Bitwise Bitcoin ETF (NYSE: BITW), $749,469 in the WisdomTree Bitcoin ETF (NYSE: BTCW), and $299,900 in the ARK 21Shares Bitcoin ETF (NYSE: ARKB).
These disclosures provide valuable insights into the investment strategies of Goldman Sachs and highlight the increasing institutional adoption of Bitcoin and cryptocurrency assets.
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