Goldman Sachs gobbles Bitcoin and Ethereum as Crypto etf Holdings soars past $2 billion
According to Bitcoin and Ethereum, the world’s two largest cryptocurrencies, one of the world’s largest investment banks continues to buy crypto.
The financial company held approximately $1.3 billion in BlackRock’s Bitcoin ETF shares and $300 million in fidelity. Funds traded on exchanges allow investors to gain exposure to assets without the need for them to purchase assets themselves.
Goldman Sachs also owns an almost $500 million Ethereum ETF, split equally between them Black Rock And faithful. According to SEC filings, the company’s Crypto ETF holdings were up 50% from the previous quarter, when it was worth about $720 million.
It is unclear whether investment bank Crypto Holdings is a unique investment or asset held on behalf of its clients. A Goldman Sachs spokesman did not immediately respond to requests for comment.
“While this will surprise Goldman itself, who expresses his views, it is encouraging to see Goldman’s clients join the broader digital asset movement,” said crypto investment platform Bitcoinira. The COO and co-founder Chris Klein said. luck.
Goldman Sachs’ growing crypto portfolio is as institutional investors show an increasing desire for digital assets following the crypto ETF boom.
In January 2024, the US saw the launch of its first spot Bitcoin ETF, or financial vehicles that allow investors to be exposed to real-time price movements in the world’s largest cryptocurrency. The large Wall Street company quickly entered a burgeoning asset class.
Morgan Stanley, Wells Fargoand hedge fund Renaissance Technology has acquired some of the newly launched financial products.
Even the Wisconsin Pension Fund Participation In early 2024, I bought about $100 million in shares in Spot Bitcoin ETF.
In total, investors have thrown over $40 billion into the US Spot Bitcoin ETF and $3.2 billion into the spot ether ETF. socalcryptographic data platform.
Maple CEO and co-founder Sidney Powell said users can lend and lend it out. luck Goldman Sachs’ latest disclosure of Bitcoin holdings shows that deep investors are familiar with crypto investments.
In addition to its shares owned by Spot Bitcoin ETF, the investment bank also revealed that it owns approximately $700 million in Bitcoin ETF options.
Goldman Sachs is betting over $500 million, hedged with a nearly $160 million bet that Bitcoin will rise and fall.