Goldman Sachs reveals the ownership of Bitcoin at a value of $ 1.58 billion through the circulating investment funds
In the last 13F file, Goldman Sachs revealed the increase in bitcoin’s possessions in the last quarter of 2024. The main growth of the BTC part in the bank portfolio was noticeable immediately compared to the previous quarter.
The submission of 13F is a quarterly report commissioned by institutional investment companies of more than $ 100 million of management assets. These deposits provide transparency in the holdings of the main market investors such as Goldman Sachs’ $ 1.58B in Bitcoin ETF holdings via Blackrock ISHARES Bitcoin Trust (IBIT) and Wise Orige Bitcoin Trust (FBTC).
Detecting these holdings gives an insight into investment strategies and portfolio modifications.
Goldman Sachs Bitcoin Etf Holdings
Goldman Sachs The last deposit With the Securities and Stock Exchange Committee (SEC) showed that the bank’s ETF’s biases on December 31 were much higher than in the previous Q3 2024. The bank’s bitcoin’s bodies were in a steady upward direction despite the origins.
These increases are noticeable within Blackrock’s ISHARES Bitcoin Trust (IBIT) and Fidelity’s Wise Bitcoin Trust (FBTC).
Goldman Sachs holds about $ 1.27 billion in IBIT, equivalent to 24,077,861 shares. This represents an 88 % increase in stocks compared to the previous quarter of 12.7 million shares worth $ 461 million, which covered July until September.
The bank’s investment in FBTC rose to $ 288 million, with a total of 3,530,486 shares. This represents a 105 % increase from the previous quarter. There was also a 97 % decrease in the bank’s GBTC shares.
Goldman Sachs strategic position
The 13F file also revealed Goldman Sachs in the Bitcoin ETF options strategies. As of December 31, the bank has held $ 760 million in options trading positions through the traded investment funds.
The collapse of $ 760 million offers a $ 157 million IBIT call, the IBIT position at a value of $ 527 million, and the FBTC center worth $ 84 million.
In addition to these situations, the 13F file also showed that the bank has decreased or closed many smaller Bitcoin ETF holdings.
Ark 21shares’ ARKB, BitWise’s Bitb, Grayscale’s Mini Bitcoin Trust, Invesco Galaxy’s BTCO, and BTCW at Wisdom Tree. This may be Goldman Sachs’s attempt to unify its strategic currency -related investments.
Earlier this year, the bank mentioned it Net revenue The last quarter of 2024 was 13.8 billion dollars, while its net profit for the fourth quarter amounted to $ 4.11 billion.
The CEO of Goldman Sachs, David Solomon, has previously criticized Bitcoin, saying that it represents a threat to the American dollar’s dominance. However, it has since turned into an emphasis on the need for organizational changes with an increase in the exposure of a bitcoin.
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