Goldman Sachs Boosts Its Exposure to Bitcoin and Ethereum

Investment giant Goldman Sachs has significantly increased its exposure to cryptocurrencies, doubling its Bitcoin exchange-traded fund (ETF) holdings and expanding its Ethereum investments.

Goldman Sachs Doubles Bitcoin ETF Holdings

One of the world’s most influential investment banks, Goldman Sachs, has significantly increased its investment in Bitcoin exchange-traded funds (ETFs), reflecting a surge in institutional demand amid evolving market conditions.

According to its latest filing with the US Securities and Exchange Commission (SEC), the financial giant now holds $1.57 billion in Bitcoin ETFs, marking a 121% increase from the $710 million reported in Q3.

The firm’s largest stake is in BlackRock’s iShares Bitcoin Trust (IBIT). Goldman Sachs has expanded its holdings to 24.07 million shares worth $1.27 billion, marking an 88% jump since its previous disclosure.

In addition, Goldman Sachs has increased its stake in Fidelity’s Wise Origin Bitcoin ETF (FBTC) by $288 million, a 105% jump from the previous quarter. The bank also holds $3.6 million in Grayscale’s Bitcoin Trust (GBTC) as part of its growing exposure to digital assets.

Boosts Ethereum Exposure

While Goldman Sachs remains focused on Bitcoin, the bank is also expanding its exposure to Ethereum, though on a smaller scale.

According to its SEC filing, Goldman has significantly increased its Ethereum holdings by nearly 1,800%, rising from $25.1 million in the previous quarter to $476.5 million.

The bank’s Ethereum investments are split between $234.7 million in Fidelity’s FETH and $235.5 million in BlackRock’s ETHA, further diversifying its crypto portfolio.

Increases Holding During Market Surge

Goldman Sachs increased its exposure to Bitcoin and Ethereum in Q4. During this time, both cryptocurrencies saw significant price surges. 

At the time, the rally in the broader crypto market was fueled by growing institutional interest and favorable regulatory shifts under the upcoming presidency of then still president-elect Donald Trump. 

Why This Matters

Goldman Sachs’ increased crypto exposure highlights growing institutional confidence in digital assets, influencing market trends and investor sentiment.

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