Goldman Sachs Reveals Major Investment in Bitcoin ETFs
Goldman Sachs has disclosed in its recent Form 13F filing that it manages significant stakes in seven of the eleven Bitcoin ETFs currently available.
As of June 30, the firm holds about $419 million in Bitcoin ETFs, showing its commitment to digital assets.
The report highlights Goldman Sachs’ investments, including $238.6 million in iShares Bitcoin Trust, $79.5 million in Fidelity Bitcoin ETF, and $35.1 million in Grayscale BTC. It also has smaller positions in ARK 21Shares, Invesco Galaxy, Bitwise, and WisdomTree Bitcoin ETFs.
This filing comes after Goldman Sachs CEO David Solomon referred to Bitcoin as a speculative asset with potential as a store of value, similar to gold.
READ MORE: Grayscale Launches New Fund for MakerDAO’s MKR Token
Alongside other major banks like JP Morgan and Morgan Stanley, Goldman Sachs is increasing its exposure to cryptocurrencies.
The trend reflects a broader institutional interest in digital assets, with Goldman Sachs expanding its offerings to include new tokenization projects.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
