Goldman Sachs Holds $418M in Bitcoin ETF Shares

Bitcoin

Goldman Sachs has taken a position in the Bitcoin ETF market, holding approximately $418.65 million worth of shares in various U.S. spot Bitcoin ETFs as of June 30, according to its latest 13F filing with the Securities and Exchange Commission.

The investment bank revealed in documents filed Tuesday that it now holds holdings in seven of the 11 Bitcoin ETFs available in the U.S. The move reflects growing interest from institutional investors in cryptocurrency-based investment products.

Goldman Sachs’ largest position is in the $238.6 million iShares Bitcoin Trust (IBIT). This is closely followed by the $79.5 million Fidelity Wise Origin Bitcoin Fund (FBTC) and the $56.1 million Invesco Galaxy Bitcoin ETF (BTCO). The bank also holds $35.1 million in the recently converted Grayscale Bitcoin Trust ETF (GBTC).

Smaller positions include $8.3 million in Bitwise Bitcoin ETF (BITB), $749,469 in WisdomTree Bitcoin Fund (BTCW), and $299,900 in ARK 21Shares Bitcoin ETF (ARKB).

According to data from British asset management firm Farside Investors, Bitcoin ETF flows remained in the green on Tuesday’s trading day, with $39 million in daily inflows recorded. iShares’ IBIT led the way with $34.6 million in inflows, followed by FBTC with $22.6 million.

iShares Bitcoin Trust Flows

Bitcoin ETFs in Goldman’s Broader Strategy

The filing details Goldman’s holdings in the funds, including 1.5 million shares of Fidelity’s FBTC and 660,183 shares of Grayscale’s GBTC.

These holdings are part of Goldman Sachs’ broader ETF strategy, which includes 44 ETFs traded on U.S. markets with total assets under management approaching $35 billion.

The Bitcoin ETF market has seen significant activity since the SEC approved spot Bitcoin ETFs on Jan. 11. According to Bloomberg data, these funds have attracted more than $17.4 billion in net inflows this year, highlighting the demand for cryptocurrency investment vehicles.

While Bitcoin ETFs have seen significant inflows, recently launched spot Ethereum ETFs have seen outflows of approximately $376 million since their launch on July 23, primarily driven by $2.3 billion in outflows from the Grayscale Ethereum Trust (ETHE).

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