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BitcoinSistemi 2025-02-12 07:43:07

Goldman Sachs Announces Increased Investment in Bitcoin (BTC) and Ethereum (ETH)!

US banking giant Goldman Sachs announced that it has increased its positions in various spot Bitcoin and Ethereum ETFs, according to its 13F filing. Accordingly, Goldman Sachs increased its spot Bitcoin ETF assets by 114% in the 4th quarter of 2024, bringing it to over $1.5 billion. Goldman Sachs bought about $1.28 billion worth of shares in iShares Bitcoin Trust (IBIT), a 177% increase from Q3 figures, while Fidelity bought $288 million worth of shares in Wise Origin Bitcoin Fund (FBTC), a 105% increase from the previous quarter. The giant bank also increased its investment in Ethereum. Accordingly, Goldman Sachs increased its spot ETH ETF assets by 2,000%. Goldman Sachs said it increased its spot Ethereum ETF holdings from $22 million to $476 million. The vast majority of those assets were split evenly between BlackRock’s ETHA and Fidelity’s FETH, while $6.3 million was invested in Grayscale’s ETHE. According to this notification, Goldman Sachs appears to have also closed its positions in Bitwise, WisdomTree, Invesco Galaxy, ARK and 21Shares Bitcoin ETFs. *This is not investment advice. Continue Reading: Goldman Sachs Announces Increased Investment in Bitcoin (BTC) and Ethereum (ETH)!

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