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Goldman Sachs announced that it has increased its Bitcoin (BTC) and Ethereum (ETH) investments!
US banking giant Goldman Sachs has announced that it has increased its positions in various spot Bitcoin and Ethereum ETFs, according to its 13F filing.
According to this, Goldman Sachs increased spot Bitcoin ETF assets by 114% in the 4th quarter of 2024 and exceeded 1.5 billion dollars.
Goldman Sachs bought approximately $1.28 billion worth of shares in the iShares Bitcoin Trust (IBIT), which represents a 177% increase according to third-quarter figures, while it purchased $288 million worth of shares in the Fidelity Wise Origin Bitcoin Fund (FBTC), meaning a 105% increase compared to the previous quarter.
The investment bank Goldman Sachs also increased its Ethereum investment. Accordingly, Goldman Sachs increased its spot ETH ETF assets by 2,000%.
Goldman Sachs said it increased its spot Ethereum ETF assets from $22 million to $476 million. The majority of these assets are evenly distributed between BlackRock's ETHA and Fidelity's FETH, while $6.3 million was invested in Grayscale's ETHE.
According to this announcement, Goldman Sachs, Bitwise, WisdomTree, Invesco Galaxy, ARK, and 21Shares seem to have also closed their positions in Bitcoin ETFs.