4W
...
Goldman Sachs has significantly increased its exposure to Bitcoin by boosting its stake in BlackRock’s iShares Bitcoin Trust (IBIT) by 28% now holding 30.8 million shares worth over $1.4 billion. This growth makes Goldman the largest institutional holder of IBIT according to the latest SEC filing reported by MacroScope.
The bank’s total exposure to spot Bitcoin ETFs remains steady with no major change to its position in Fidelity’s Bitcoin fund FBTC. Goldman previously held over $1.5 billion in US Bitcoin ETFs and the latest disclosure suggests stronger confidence in Bitcoin’s long-term performance. The removal of earlier options contracts tied to IBIT and FBTC signals a shift toward direct holdings rather than hedged strategies.
Since launching in January IBIT has attracted more than $44 billion in net inflows and currently manages about $62.8 billion in assets. The ETF gained $1.04 on Friday closing at $58.66 highlighting continued investor interest and momentum in the crypto market.
