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Goldman Sachs doubles investment in Bitcoin ETF, holdings increase to 1.5 billion USD by Q4 2024

Goldman Sachs doubles investment in Bitcoin ETF, holdings increase to 1.5 billion USD by Q4 2024

Bitget2025/02/12 00:23

According to the latest 13F file submitted by Goldman Sachs on Tuesday, it increased its holdings in the two largest spot Bitcoin ETFs in Q4 of 2024.

As of December 31 last year, Goldman Sachs held $1.27 billion (or 24.07 million shares) worth of BlackRock's IBIT, an increase of 88% from the previous quarter.

Goldman Sachs also increased its holdings in Fidelity Wise Origin Bitcoin Fund and held $288 million worth FBTC (3.5 million shares), a quarterly increase of 105%. Goldman Sachs also reported smaller positions in Bitcoin ETFs that were either reduced or liquidated.

It is understood that every quarter, institutional investment managers managing at least $100 million in stock assets will submit a 13F report to the U.S. SEC. These reports are required to be submitted within 45 days after the end of each quarter to understand the manager's stock holding situation.

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