Goldman Sachs Expands Bitcoin ETF Holdings to $1.5 Billion in Q4 2024

Investment banking giant Goldman Sachs has significantly increased its exposure to spot Bitcoin exchange-traded funds (ETFs), boosting its total holdings to $1.5 billion by the end of Q4 2024, according to its latest 13F filing submitted Tuesday.

Goldman Sachs Doubles Down on Bitcoin ETFs

As of December 31, 2024, Goldman Sachsheld $1.27 billion (or 24.07 million shares) in BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest spot Bitcoin ETF by assets under management. This marks an 88% increase in IBIT shares compared to the previous quarter, reinforcing Goldman’s growing confidence in Bitcoin-related investment vehicles.

Additionally, the firm expanded its stake in the Fidelity Wise Origin Bitcoin Fund (FBTC), holding $288 million (or 3.5 million shares). This reflects an even greater surge—a 105% increase in shares quarter-over-quarter. While Goldman also reported smaller Bitcoin ETF positions, some were either reduced or completely closed.

Tracking Institutional Bitcoin Interest Through 13F Filings

The 13F filings, mandated by the U.S. Securities and Exchange Commission (SEC), provide insight into the investment strategies of institutional money managers who oversee at least $100 million in equity assets. These reports, due within 45 days after each quarter ends, allow market observers to gauge sentiment and strategic shifts among major financial players.