Investment banking giant Goldman Sachs has increased its spot Ethereum ETF holdings by 2,000% to $476 million while raising its spot Bitcoin exposure by114% to $1.5 billion.
That’s according to a Feb. 11 Form 13F filing with the US Securities and Exchange Commission (SEC), which shows that the bank’s exposure to Ethereum ETFs is split evenly between BlackRock’s iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH).
Goldman Sachs also holds a $6.3 million position in the Grayscale Ethereum Trust (ETHE).
Goldman Sachs Invests Heavily In BlackRock And Fidelity Bitcoin ETFs
The SEC filing also shows that Goldman Sachs purchased almost $1.28 billion worth of shares in BlackRock’s iShares Bitcoin Trust (IBIT).
This is a 177% increase in the investment bank’s exposure to the fund compared to the third quarter of 2024.
Goldman Sachs also bought $288 million worth of shares in Fidelity’s Wise Origin Bitcoin Fund (FBTC), according to the filing.
BlackRock Spot Bitcoin ETF The Only Fund To Record Net Inflows As BTC ETFs Suffer Outflows Streak
The disclosure by Goldman Sachs comes as US spot Bitcoin ETFs suffer their second consecutive day of net outflows. Data from Farside Investors shows that the investment products recorded $186.3 million outflows on Feb. 10. This outflow trend continued, with another $56.7 million leaving the funds yesterday.
BlackRock’s IBIT was the only fund to record net inflows in the last 24 hours. After $55.4 million was added to the fund’s reserves on Feb. 10, investors poured another $23.8 million into IBIT yesterday.
As Goldman Sachs increases its exposure to Bitcoin ETFs and IBIT continues to pull capital in, there’s a new meme coin just launched that offers investors free Bitcoin via airdrops.
The BTC Bull (BTCBULL) token has raised $840k in less than two days as investors rush to buy in. A big part of the appeal is likely the free Bitcoin it offers.
For investors who hold $BTCBULL in Best Wallet , free BTC will be earned when the Bitcoin price hits $150k and $200k.
The project’s website also says that ”a huge $BTCBULL airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by your Community Sale purchase amount.”
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