Goldman Sachs has increased its holdings in Bitcoin exchange-traded funds (ETFs), culminating in a substantial $1.5 billion investment at the end of the fourth quarter in 2024. This development is outlined in the 13F filings with the U.S. Securities and Exchange Commission, which reveal the firm’s escalated commitment to digital asset investments. The report details an 88% increase in the firm’s holdings in the iShares Bitcoin Trust (IBIT), bringing its investment to $1.27 billion. The filing also highlights a substantial growth in Goldman’s holdings of the Fidelity Wise Origin Bitcoin Fund (FBTC), with a 105% increase compared to the previous quarter.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments