Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Goldman Sachs amplified its bet on Bitcoin ETFs by adding almost 6 million additional shares in BlackRock’s iShares Bitcoin Trust. The bank’s most recent filing with the US Securities and Exchange Commission indicates it now owns nearly 31 million shares—up from 24 million in its last report.
That holding is valued at more than $1.4 billion. It makes Goldman the largest institutional IBIT holder to date, according to MacroScope, a financial analyst.
Trending: Fetterman Showing ‘Warning Signs,’ Dems Might Step In: Explosive Reports
Goldman Sachs Increases Bitcoin ETF Holdings
Goldman’s 30.8 million IBIT shares, as reported in the SEC filing, are a 28% rise from its earlier 24 million-share holding. At current market price, that portion of IBIT is worth over $1.4 billion.
MacroScope initially highlighted the shift. For
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!