EddieJayonCrypto

 14 Aug 24

tl;dr

Goldman Sachs disclosed its portfolio positions in a 13F filing for the second quarter, revealing exposure to seven different Bitcoin ETFs in the US market. The filing showed holdings of nearly 7 million shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $238 million and 1.5 million shares of ...

Goldman Sachs recently disclosed its holdings, revealing exposure to seven different Bitcoin ETFs in the US market. The filing showed that the banking giant is holding nearly 7 million shares of BlackRock's iShares Bitcoin Trust (IBIT) worth $238 million and 1.5 million shares of Fidelity ETF FBTC worth almost $80 million. Institutional exposure to spot BTC ETFs has been increasing, with over 500 institutional investors allocating funds to these products.

Inflows into spot BTC ETFs have resumed, with BlackRock's IBIT and Fidelity's FBTC seeing substantial inflows. Inflows have also restarted into spot Ethereum ETFs, with BlackRock's ETHA leading. The Bitcoin price has gained momentum, rising over 3% in the last 24 hours and surpassing $61,000, ahead of the scheduled US CPI inflation data release and coinciding with strength in Wall Street indices.

Goldman Sachs' 13F filing for the second quarter showcased its staggering holdings and shed light on the overall market trends, confirming the sustained growth and interest in Bitcoin and Ethereum ETFs. This disclosure serves as a testament to the increasing institutional involvement in the cryptocurrency space, shaping the narrative of the market's ongoing evolution.

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 14 Nov 24
 14 Nov 24
 14 Nov 24