Goldman Sachs has revealed a truly extensive investment in Bitcoin exchange-traded funds (ETFs), totaling $418. 65 million as of June 30. This data comes from the company’s most recent 13F filing with the United States Securities and Exchange Commission (SEC). The 13F report provides information on what primary investors own and is closely watched by market observers.
Among its Bitcoin ETF investments, Goldman Sachs has a very large stake in BlackRock’s iShares Bitcoin Trust, or IBIT. He owns about 6. 9 million shares of the Institute of Building Information and Technology company, valued at $238. 6 million. That makes Goldman Sachs the third-largest holder of IBIT, after Millennium Management, which owns about $844 million of IBIT, and Capula Management, which owns about $253 million.
However, the investment made through Goldman Sachs is not limited to making an investment in IBIT, but has diversified into several varieties. He also owns 1. 51 million FBTC, Fidelity’s Bitcoin funds, valued at $79. 5 million. They also own more than 660,000 shares of Grayscale’s Bitcoin. ETF, with an estimated value of $35 million. Goldman Sachs also owns $56. 1 million worth of this Invesco Galaxy Bitcoin ETF.
His possessions do not prevent him from getting there. Goldman Sachs has invested in 3 other Bitcoin ETFs: Ark21, Bitwise, and WisdomTree. While the exact price of those shares has not been specified, they contribute to the total total of $418. 65 million disclosed in its SEC filing.
The timing of this disclosure should be ignored. In fact, there hasn’t been much movement in Bitcoin ETFs lately, especially compared to the beginning of the year, which makes Goldman Sachs’ resolution remarkable. The company’s primary exposure to Bitcoin ETFs further increases its confidence in cryptocurrencies and its continued pursuit of a dominant position in the crypto space.
Ultimately, Goldman Sachs’ participation in several Bitcoin ETFs indicates its positive view of the crypto sector and obviously demonstrates that it is one of the key players in the fast-moving virtual currency market.