tl;dr
Goldman Sachs reported over $2 billion in crypto exposure through Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) as of Dec. 31, according to its latest 13F form. The lender had a $1.56 billion exposure to Bitcoin, over 2x higher than the previous quarter. The filing detailed over $1.2 ...
Goldman Sachs has reported over $2 billion in crypto exposure through Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) as of Dec. 31, according to its latest 13F form. The lender had a $1.56 billion exposure to Bitcoin, over 2x higher than the previous quarter. The filing detailed over $1.2 billion in BTC exposure through BlackRock’s IBIT, $3.6 million via Grayscale’s GBTC, and $288 million via Fidelity’s FBTC. Additionally, it revealed $760 million in options trading positions through spot ETFs.
Goldman Sachs' Ethereum exposure also saw a significant increase, with $476.5 million in spot Ethereum ETF shares, compared to just $25.1 million in the previous quarter.
According to its 13F form, the lender had a $1.56 billion exposure to Bitcoin at the end of the fourth quarter of 2024, over 2x higher than the $710 million reported in the previous quarter. The filing with the US Securities and Exchange Commission detailed over $1.2 billion in BTC exposure through BlackRock’s IBIT, $3.6 million via Grayscale’s GBTC, and $288 million via Fidelity’s FBTC. Moreover, the 13F form revealed $760 million in options trading positions through spot ETFs. A put position worth over $84 million was opened through FBTC, in addition to a $527.5 million put position via IBIT. The only call position was worth $157.3 million and also opened through IBIT.
Goldman Sachs’ appetite for Ethereum also saw a significant increase quarter over quarter, along with the rise in its Bitcoin exposure. As of Dec. 31, the traditional financial institution reported $476.5 million in spot Ethereum ETF shares, compared to just $25.1 million in Sept. 30 — a nearly 19x leap. The 13F filing revealed $234.7 million in ETH exposure through Fidelity’s FETH and $235.5 million via BlackRock’s ETHA. Lastly, it reported a $6.3 million Ethereum exposure via Grayscale’s ETH mini trust. Despite the significant increase in ETH exposure, it represents just 30% of Goldman Sachs’ total crypto exposure.