The Wall Street giant owns nearly 7 million shares of BlackRock’s IBIT: it is the third largest holder of the fund.
According to the latest 13F filing submitted to the SEC, investment bank Goldman Sachs revealed that it has invested $418.65 million in Bitcoin ETFs. The document reports that the bank holds shares in seven of the eleven Bitcoin ETFs available in the United States.
Details of the positions
The bank’s largest investment is in the iShares Bitcoin Trust (IBIT) with $238.6 million. This is followed by Fidelity’s ETF (FBTC) with $79.5 million, Invesco Galaxy (BTCO) with $56.1 million, and the Grayscale Bitcoin Trust (GBTC) with $35.1 million. Other smaller investments include BITB, BTCW, and ARKB.
Goldman Sachs is the third-largest holder of the IBIT fund, behind Millennium Management and Capula Management Ltd.
The bank’s previous stance
In the past, representatives of Goldman Sachs stated that their clients were not interested in Bitcoin and digital assets. Sharmin Mossavar-Rahmani, Chief Investment Officer for the bank’s Wealth Management unit, had told the Wall Street Journal:
“We do not think it is an investment asset class.”
