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Goldman Sachs has significantly bolstered its position in the cryptocurrency market, as revealed in its latest 13F filing. The renowned investment bank now holds positions in seven out of the 11 Bitcoin exchange-traded funds (ETFs) available in the U.S., signaling strong confidence in the future of digital assets. Its largest investment is in the iShares Bitcoin Trust (IBIT), with a substantial $238.6 million, followed by $79.5 million in Fidelity’s Bitcoin ETF (FBTC).
Goldman’s diversified crypto portfolio also includes $56.1 million in Invesco Galaxy’s BTC ETF (BTCO) and $35.1 million in Grayscale’s GBTC. Smaller investments have been made in other Bitcoin ETFs, such as BITB, BTCW, and ARKB. This move underscores the growing acceptance and adoption of Bitcoin within mainstream financial institutions, highlighting the increasing importance of cryptocurrency in global markets.
