Goldman Sachs has considerably increased his Bitcoin Exchange-Traded Funds (ETF) Holdings, according to its last 13F application at the US Securities and Exchange Commission (SEC).
The Wall Street Giant now has $ 1.57 billion over different Bitcoin ETFsAn increase of 121.1% compared to the $ 710 million reported in Q3.
Bank’s greatest exposure is in BlackRock’s Ishares Bitcoin Trust (IBIT), where it now has 24.07 million shares with a value of $ 1.27 billion, an increase of more than 88% in shares since being Latter submission.
For investors and market observers, the extensive positions of Goldman point to a robust shift in institutional investments Bitcoin (BTC) and, to a lesser extent, Ethereum (ETH).
The submit Also reveals that Goldman has added $ 288 million to the Wise Origin Bitcoin ETF (FBTC) from Fidelity, which marks an increase of 105% compared to the previous quarter. Goldman now has $ 3.6 million via Bitcoin Trust from Grayscale (GBTC).
In addition to his ETF interests, the ninth largest investment bank in the world has reported considerable options trade positions, with wells and calls of a total of $ 760 million.
The bank has a well position of $ 527 million and a $ 84 million by IBIT and FBTC respectively, as well as a call position of $ 157 million via IBIT.
Options enable Goldman to protect himself against potential losses by betting on price decreases (wells), while also positioning themselves if prices rise further (calls).
Despite his conviction in the two most prominent American place Bitcoin ETFs, Goldman Sachs closed small positions in others, including Ark 21Shares’ Arkb, Bitwise’s Bitb, Grayscale’s Mini Bitcoin Trust, Invesco Galaxy’s BTCO and BTCO from Wisdomtree.
Ethereum also saw an increase in Goldman’s portfolio, in which the company increased its exposure to Ethereum to $ 476.5 million, an increase of $ 25.1 million in the previous quarterly and almost 19-fold increase.
The bank now owns $ 234.7 million in Ethereum via Fidelity’s Feth and $ 235.5 million by BlackRock’s ETHA, which means that its crypto portfolio diversify.
De Boost in Bitcoin and Ethereum -exposure is partly due to the rise in market prices, because Bitcoin saw an increase of 40.6%, while Ethereum achieved 26.2% from the start of the quail, according to Coingecko facts.
Bitcoin in particular has experienced impressive profit and one Record high From $ 109,000 just before the US presidential inauguration.
The rally is partially driven by a growing institutional interest, reinforced by favorable regulatory circumstances after the election of President Donald Trump.
Despite the dominance of Bitcoin, Ethereum is still struggling to catch a similar institutional interest.
The value of Ethereum compared to Bitcoin has fallen by 13.8% in the past month, so that a 4 years lowDriven by technical problems and increasing institutional demand for Bitcoin.
Published by Sebastian Sinclair
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