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The Daily Hodl 2025-02-16 17:55:09

Goldman Sachs Holds $1,832,015,357 Worth of Bitcoin and Ethereum Exchange-Traded Funds: SEC Filing

Financial services giant Goldman Sachs is reportedly holding nearly $2 billion worth of shares in Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), Goldman Sachs currently holds $1.63 billion worth of Bitcoin ETFs and $196.3 million worth of Ethereum ETFs, the bulk of the shares coming from BlackRock’s iShares Bitcoin Trust (IBIT). The data unveils that the banking firm owns 24,077,861 shares of IBIT worth more than $1.33 billion, 3,530,486 shares of the Fidelity Wise Origin Bitcoin (FBTC) worth over $300 million, and 49,183 shares of the Grayscale Bitcoin Trust (GBTC) worth more than $3.7 million. In terms of Ethereum, the data shows that Goldman Sachs owns 7,024,747 shares of the Fidelity Ethereum Fund (FETH) worth over $191.1 million as well as 200,000 shares of the Grayscale Ethereum Mini Trust ETF worth more than $5.1 million. BTC and ETH-based ETFs – which allow investors to expose themselves to the top two digital assets by market cap without having to actually physically purchase them – were approved by the SEC in 2024. In December, Goldman Sachs chief executive David Solomon said that regulations need to change before the bank considers holding and trading digital assets. As stated by Solomon at the time, “At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal. We give our clients advice around a variety of these technologies and these issues and will continue to do that, but for the moment our ability to act in these markets is extremely limited from a regulatory perspective.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Sol Invictus/IvaFoto The post Goldman Sachs Holds $1,832,015,357 Worth of Bitcoin and Ethereum Exchange-Traded Funds: SEC Filing appeared first on The Daily Hodl .

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