Goldman Sachs Holds Nearly $2 Billion in Bitcoin and Ethereum ETFs
Financial services giant Goldman Sachs has recently disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it holds close to $2 billion worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). This move signals a significant investment by the banking firm into the world of digital assets.
The filing reveals that Goldman Sachs currently owns $1.63 billion worth of Bitcoin ETFs and $196.3 million worth of Ethereum ETFs. The majority of these shares come from BlackRock’s iShares Bitcoin Trust (IBIT), where the bank holds 24,077,861 shares worth over $1.33 billion. Additionally, Goldman Sachs owns shares in other Bitcoin ETFs such as Fidelity Wise Origin Bitcoin (FBTC) and Grayscale Bitcoin Trust (GBTC).
In terms of Ethereum, the data shows that Goldman Sachs holds 7,024,747 shares of the Fidelity Ethereum Fund (FETH) valued at over $191.1 million, as well as 200,000 shares of the Grayscale Ethereum Mini Trust ETF worth more than $5.1 million.
BTC and ETH-based ETFs have gained popularity among investors as they provide exposure to the top two digital assets without the need to physically own them. These ETFs were approved by the SEC in 2024, opening up new investment opportunities in the crypto space.
Despite its significant holdings in Bitcoin and Ethereum ETFs, Goldman Sachs CEO David Solomon has emphasized the need for regulatory changes before the bank can engage in trading digital assets directly. Solomon stated that as a regulated banking institution, the bank’s ability to participate in cryptocurrency markets is limited by current regulations.
As the cryptocurrency market continues to evolve, it is clear that institutional investors like Goldman Sachs are increasingly recognizing the potential of digital assets as a valuable investment option. With the growing acceptance of Bitcoin and Ethereum ETFs, we can expect to see more traditional financial institutions entering the crypto space in the future.
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