Goldman Sachs now owns 12.7 million shares of the BlackRock ETF.
The firm reported that it has holdings of ether (ETH) through ETFs.
Goldman Sachs, one of the world’s largest investment banking and financial services firms, increased its investment in bitcoin (BTC) through exchange-traded funds (ETFs) in the last three months.
The information is available in the 13F filing that the bank founded in 1869 made before the United States Securities and Exchange Commission (SEC) yesterday, November 14.
Form 13F is a report that institutional investors managing more than $100 million in assets must be presented to the body currently led by Gary Gensler. They provide a detail of the stock holdings held by large investment funds.
According to the presentation, Goldman Sachs reported that it has more than $715 million invested in bitcointhrough holdings in eight spot ETFs.
In this sense, it is highlighted that The largest holdings of these financial instruments correspond to 12.7 million shares of the iShares Bitcoin Trust (IBIT), managed by BlackRock, valued at more than $461 million.
This means a significant increase since in August 2024, the bank had 6.9 million shares in the BlackRock fund, worth $238 million.
Another fact to take into account is that Goldman also significantly increased its holdings in other funds, such as the ARK 21Shares Bitcoin ETF (ARKB), managed by the company Ark & 21Shares. It went from 5,000 to 50,000 shares, which are valued at more than $3 million.
Holdings in shares of the Bitwise Bitcoin ETF (BITB) fund rose from 253,961 to 650,961. The report clarifies that they are valued at more than 22 million dollars.
The bank also revealed its commitment to other investment funds such as the Fidelity Wise Origin Bitcoin Fund (FBTC), which now has 1.7 million shares (previously it had 1.5 million shares), whose value exceeds 95 million dollars.
Likewise, Goldman Sachs authorities indicated that acquired 684,569 shares of the Grayscale Bitcoin Mini Trust (BTC)valued at 3.8 million dollars.
Goldman Sachs also has among its investments more than $72 million in the Grayscale Bitcoin Trust ETF (GBTC), $60 million in the Invesco Galaxy Bitcoin ETF (BTCO) and $791,000 in the WisdomTree Bitcoin Trust (BTCW).
Finally, Goldman Sachs reported that made investments for over $25 million in ether (ETH)-based exchange-traded fundsthe digital currency of the Ethereum ecosystem. The holdings are split between the Grayscale Ethereum Mini Trust ETF (ETH) and the Fidelity Ethereum Fund (FETH).
The movements that the firm made during the last quarter position it as a key player in the BTC and cryptocurrency market.
For their part, other financial giants such as Cantor Fitzgerald, Citadel, Morgan Stanley and Bank of America, reported to the SEC who have BTC holdings in their investment portfolios through ETFs.
The forms received yesterday by the regulatory body reflect the growing interest in the currency created by Satoshi Nakamoto from institutional investors.
As explained in Criptopedia, the educational section of CriptoNoticias, ETFs are an indirect way to get exposure to BTC since they allow investors to participate in the market, without the need to manage the custody of the assets.
At the same time, it is worth highlighting that The good performance of these financial instruments has a direct impact on the price of BTC. Because of how they work, companies that manage ETFs must buy and hold bitcoin in their treasuries to back their actions.
If they are successful, this creates direct demand in the market and that makes the price of BTC go up.
