Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Troller Cat crypto presale
    CryptoMarketNewsSponsored Article

    Get In Soon: Troller Cat Leads the Best Meme Coins to Buy Today With 1,773% ROI, While Mubarak Lifts and Degen Wavers

    What if the next 18x crypto isn’t hyped by influencers, but by…

    By
    Benedikt Krüger
    June 21, 2025
    Previsão de ROI do estágio 9 do Troller Cat
    NewsCryptoSponsored Article
    Floki Price Prediction: $0.00007374 Floor or Trap? Troller Cat Might 18x First With Real Utility
    June 20, 2025
    image 20 Haz 2025 19 43 11
    CryptoMarketNews
    Crypto Slips Again as U.S.-China Tech Tensions Escalate
    June 20, 2025
    image 20 Haz 2025 19 39 41
    CryptoMarketNews
    Fitch & Fed Sound the Alarm: Is Crypto Poised for a Breakout Amid Global Uncertainty?
    June 20, 2025
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    NewsCryptoMarket
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    June 20, 2025
  • Cryptocurrency
    Troller Cat crypto presale
    Get In Soon: Troller Cat Leads the Best Meme Coins to Buy Today With 1,773% ROI, While Mubarak Lifts and Degen Wavers
    6 Min Read
    Previsão de ROI do estágio 9 do Troller Cat
    Floki Price Prediction: $0.00007374 Floor or Trap? Troller Cat Might 18x First With Real Utility
    9 Min Read
    image 20 Haz 2025 19 43 11
    Crypto Slips Again as U.S.-China Tech Tensions Escalate
    3 Min Read
    image 20 Haz 2025 19 39 41
    Fitch & Fed Sound the Alarm: Is Crypto Poised for a Breakout Amid Global Uncertainty?
    5 Min Read
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    6 Min Read
    $58M XRP Whale Transfer Sparks ETF Speculation, But Price Remains Unshaken
    $58M XRP Whale Transfer Sparks ETF Speculation But Why Price Remains Unshaken
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
News

Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares

Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
Ezeudo Nwosu
Last updated: August 14, 2024 11:28 pm
By
Ezeudo Nwosu
Published August 14, 2024
4 Min Read
Share

In a recent SEC filing, Goldman Sachs revealed its substantial investments in spot Bitcoin ETFs, totaling to approximately $418.65 million. 

Contents
Breakdown of HoldingsGrowing Demand for Bitcoin ETFsPosition Among Other Major Investors

 

The firm owns 7 million shares of the Blackrock iShares Bitcoin Trust (IBIT), which demonstrates its continuing interest in the cryptocurrency industry even though 13F Bitcoin etf has been less active this year.

Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares

Breakdown of Holdings

According to the filing, as of June 30, this company reported having such a strong position in the U. S. spot Bitcoin ETFs. Apart from the iShares Bitcoin Trust, the financial titan has $79.5 million invested in the Fidelity Wise Origin Bitcoin Fund, $35.1 million in the Grayscale Bitcoin Trust, and $56.1 million in the Invesco Galaxy Bitcoin ETF. Additional positions include $8.3 million in the Bitwise Bitcoin ETF, approximately $749,469 in the WisdomTree Bitcoin Fund, and $299,900 in the ARK 21Shares Bitcoin ETF.

Growing Demand for Bitcoin ETFs

The disclosure comes as discussions around Bitcoin ETFs gain momentum, particularly as Nate Geraci, President of ETFStore, pointed out the significant demand for Bitcoin ETFs in 2024. He mentioned that the iShares Bitcoin ETF has attracted around $20.5 billion this year alone, dwarfing all other ETF launches for 2024, with Bitcoin ETFs taking five of the six top launch spots.

 

In tandem with these developments, Goldman Sachs CEO David Solomon recently spoke about Bitcoin’s potential as a store of value. In an interview with CNBC, he noted that while Bitcoin is still largely viewed as a speculative asset, there is potential for it to evolve into a digital equivalent of gold. Solomon praised the underlying technology of cryptocurrencies and its ability to streamline the financial system, although he refrained from speculation on Bitcoin’s price trajectory.

Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares

Position Among Other Major Investors

Goldman Sachs currently holds $238 million in shares of BlackRock’s IBIT as of the end of June, as stated in their latest 13F filing with the U.S. Securities and Exchange Commission (SEC). This investment amounts to 6.9 million shares. The bank emerged as an authorized participant for IBIT in March after engaging in talks to fulfill this role earlier this year. As a result, Goldman Sachs ranks as the third largest holder of IBIT, behind Millennium Management and Capula Management, which have $844 million and $253 million in shares, respectively.

 

In addition to its investment in IBIT, Goldman Sachs has also accumulated around 1.5 million shares of Fidelity’s Bitcoin fund, valued at $79.5 million, and over 660,000 shares of Grayscale’s Bitcoin ETF, worth around $35 million.

Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares
Goldman Sachs Discloses $418M Bitcoin ETF Holdings, Including 7M IBIT Shares

Goldman Sachs’ investment portfolio includes more than $56 million in the Invesco/Galaxy Bitcoin ETF, as well as positions in other funds such as Bitwise, WisdomTree, and ARK/21Shares. Mathew McDermott, the bank’s global head of digital assets, views the January approval of spot Bitcoin ETFs as a significant psychological milestone, which could enhance liquidity and attract a wider array of institutional investors, including pension funds and insurance companies, to the crypto market.

 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin Reserve Could Secure UK’s Future in Global Digital Finance

Qubetics Presale Momentum Continues as Near Protocol and Stacks Lead Best Cryptos for Utility and Returns

Turbo Ticks, Popcat Stirs While Troller Cat’s $20K to $480K ROI Math Shakes Up Markets — Best New Meme Coins to Buy Today

Fed’s January 31 Announcements Trigger Crypto Market Decline

Ripple’s RLUSD Expands to Major Platforms, Strengthening Crypto Market

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
Previous Article Crypto Services Expand in Hawaii Post Regulation Shift Crypto Services Expand in Hawaii Post Regulation Shift
Next Article DRW Holdings Invests $195M in Grayscale Ethereum Trust DRW Holdings Invests $195M in Grayscale Ethereum Trust
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English