CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinGape 2025-02-12 00:15:07

Goldman Sachs Holds $1.5 Billion In Bitcoin ETFs: Report

Goldman Sachs has increased its holdings in Bitcoin exchange-traded funds (ETFs), culminating in a substantial $1.5 billion investment at the end of the fourth quarter in 2024. This development is outlined in the 13F filings with the U.S. Securities and Exchange Commission, which reveal the firm’s escalated commitment to digital asset investments. Goldman Sachs Expands Crypto Portfolio, Adds $1.5B in Bitcoin ETFs According to a recent SEC filing , Goldman Sachs has significantly increased its investments in Bitcoin ETFs. The report details an 88% increase in the firm’s holdings in the iShares Bitcoin Trust (IBIT), bringing its investment to $1.27 billion. This uptick is part of a broader strategy by Goldman Sachs to deepen its footprint in the digital assets space. The filing also highlights a substantial growth in Goldman’s holdings of the Fidelity Wise Origin Bitcoin Fund (FBTC), with a 105% increase compared to the previous quarter. This growth has boosted the FBTC position to a value of $288 million. These developments reflect a confident move by the bank to leverage the growing acceptance of cryptocurrencies. In addition to these holdings, Goldman Sachs CEO, David Solomon, recently dismissed Bitcoin as a threat to the US dollar’s dominance. He reiterated that Bitcoin remains a speculative asset, emphasizing its volatility and uncertain regulatory landscape. Regulatory Filings Illuminate Investment Trends Goldman Sachs’ latest 13F filings provide a window into the firm’s investment tactics. The filings reveal a strategic embrace of Bitcoin ETFs among its asset management practices. These filings are mandatory for institutional investment managers with equity assets over $100 million, offering a periodic overview of their holdings. Goldman’s increasing investments in BTC ETFs coincide with the ongoing development of regulatory frameworks for cryptocurrencies. This trend suggests a strong institutional belief in the long-term viability of digital assets. The firm’s strategic positioning also includes the use of derivatives such as calls and puts, showcasing a refined strategy for managing crypto exposure. Market Implications of Crypto Strategy Goldman Sachs’ diversified approach to its digital asset portfolio enhances its market standing and sets a benchmark for other institutional investors considering crypto expansions. More so, CEO David Solomon has outlined conditions for Goldman Sachs to expand into crypto markets . He stressed the need for regulatory changes. Solomon confirmed the firm has built infrastructure around digital assets. However, legal constraints block direct trading of Bitcoin and Ethereum. In related news, the US SEC is actively reviewing BlackRock’s proposal for in-kind Bitcoin ETF redemptions, which could enhance market liquidity and reduce transaction costs. If approved, this change would allow authorized participants to receive Bitcoin directly instead of cash during redemptions. The post Goldman Sachs Holds $1.5 Billion In Bitcoin ETFs: Report appeared first on CoinGape .

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen