Goldman Sachs Holds Over $400M in Bitcoin ETFs
Goldman Sachs has disclosed that it owns more than $400 million in Bitcoin exchange-traded funds (ETFs), according to a recently filed 13F report. The investment bank’s quarterly filing reveals that it holds positions in seven of the eleven Bitcoin ETFs available in the U.S.
Goldman Sachs’ largest ETF holding is the iShares Bitcoin Trust (IBIT), valued at $238.6 million. This is followed by Fidelity’s Bitcoin ETF (FBTC) with $79.5 million, Invesco Galaxy’s BTC ETF (BTCO) at $56.1 million, and Grayscale’s GBTC with $35.1 million. The bank also maintains smaller stakes in BITB, BTCW, and ARKB.
On Tuesday, Bitcoin ETFs saw a positive inflow of $4.39 million, as reported by SoSoValue.
Previously, Goldman Sachs had expressed skepticism about cryptocurrency, with Sharmin Mossavar-Rahmani, the bank’s chief investment officer for Wealth Management, stating in April that the bank was not a “believer in crypto” and did not view it as a viable investment asset class.
Top Exchanges
1
Start TradingTrading cryptocurrencies involves significant risk and users should carefully consider their investment objectives and risk tolerance.
2
Start TradingCryptocurrency trading carries a high level of risk and users should carefully evaluate their financial situation and risk tolerance before participating.
3
Start TradingDon’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
4
Start TradingTrading cryptocurrencies involves high risk and users should thoroughly evaluate their financial circumstances and risk tolerance.
5
Start TradingCryptocurrency trading involves substantial risk and users should carefully assess their investment goals and risk tolerance before participating.
6
Start TradingTrading cryptocurrencies carries inherent risks and users should carefully consider their investment objectives and risk tolerance.
7
Start TradingCryptocurrency trading involves significant risk and users should evaluate their financial situation and risk tolerance before participating.
8
Start TradingTrading cryptocurrencies carries inherent risks and users should carefully assess their investment objectives and risk tolerance before engaging.
Comments (0)
Loading...