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ZyCrypto 2025-05-11 20:03:18

Goldman Sachs’ Bold Bitcoin Bet: Banking Giant Ups Stake In BlackRock’s Bitcoin ETF To $1.4 Billion

According to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), Goldman Sachs has significantly increased its Bitcoin exchange-traded funds (ETF) holdings, reflecting rising institutional demand amid shifting macro conditions. This comes less than three months after Goldman Sachs acknowledged crypto in its annual shareholder letter for the first time ever. Goldman Sachs Bets On Bitcoin With $1.4B Via IBIT The Wall Street giant now holds 30.8 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), now the largest of the spot ETFs, valued at over $1.4 billion. This marks a 28% increase from its holdings at the start of Q1 2025 and makes Goldman the biggest institutional holder of IBIT. By outpacing other major investors such as Brevan Howard and Jane Street, Goldman positions itself at the forefront of institutional crypto exposure. This comes as the IBIT has enjoyed net inflows over the last 20 trading days, marking the longest winning streak for any spot Bitcoin ETF on the market in 2025. The fund has amassed roughly $5 billion during this period, SoSoValue data shows , outpacing other BTC ETFs in the market. Growing Confidence In BTC Bloomberg’s senior ETF analyst Eric Balchunas highlighted the disparity between IBIT and other ETFs in an X post earlier this month. “One interesting note also is $IBIT taking in SO much more then the rest of them (altho 10 of them have seen inflows). Usually there’s much more parity tho. Why is this? My theory, return of the HF basis trade and some big fish biting after the decoupling and subsequent rally.” Goldman Sachs also holds 3.5 million shares of Fidelity’s Wise Origin Bitcoin ETF (FBTC), the industry’s second-biggest spot BTC ETF by assets under management, worth around $314 million, which were disclosed in February. The seventh-largest investment bank’s increased exposure factored in soaring prices for Bitcoin, with the flagship crypto recently retaking the $100,000 milestone. BTC was changing hands at $104,310 as of publication time, just 4% away from its current lifetime high of $108,786 set on January 20. Goldman’s recent purchase of Bitcoin ETFs underscores the growing trend of institutional crypto adoption on Wall Street, fueled by an increasingly favorable regulatory environment under President Trump.

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