Goldman Sachs, one of the world's largest financial institutions, announced in its 13F filing with the US Securities and Exchange Commission (#SEC ) that it has invested $710 million in Bitcoin ETFs. This is a strong signal of growing confidence from large institutions in the long-term growth potential of the cryptocurrency market.

Goldman Sachs Bitcoin ETF Portfolio Details

  1. iShares Bitcoin Trust (#IBIT ):

    • Goldman is now the second-largest investor, behind only Millennium Management, with 12.7 million shares worth $461 million (up 83% from the August report).

  2. Fidelity Wise Origin Bitcoin ETF (#FBTC ):

    • Increased holdings to 1.7 million shares, worth $95.5 million (+13%).

  3. Grayscale Bitcoin Trust (#GBTC ):

    • Up 116%, with 1.4 million shares, worth $71.8 million.

  4. Bitwise Bitcoin ETF (#BITB ):

    • Significant increase of 156%, reaching 650,961 shares, worth 22.5 million USD.

  5. Other investments:

    • Goldman also owns small stakes in Bitcoin ETFs from Invesco Galaxy, WisdomTree, and ARK 21Shares.

  • Inflows into Bitcoin ETFs are hitting record highs, with BlackRock’s IBIT recently surpassing the iShares Gold ETF (IAU) in terms of total net assets, despite the fund only launching in January.

  • Policy changes from the Donald Trump administration, including support for cryptocurrency mining and building reserves $BTC , have given the market a positive boost.

The Cryptocurrency Market Still Has A Lot Of Potential

Goldman Sachs' expansion of investment in Bitcoin ETFs not only affirms the confidence of large institutions in cryptocurrencies, but also emphasizes that this market still has a lot of potential for development. With the gradual completion of the legal framework and the increasing participation of large financial institutions, cryptocurrencies can become one of the main investment channels in the future.