SEC Filing Shows Goldman Sachs Hold Over $700 Million In Spot BTC ETFs

Updated: 15 November 2024

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Wall Street investment banking giant Goldman Sachs holds more than $700 million in spot Bitcoin ETF (exchange-traded fund) shares, according to a Nov. 14 filing with the US Securities and Exchange Commission (SEC).

The filing with the regulator shows that the bank holds approximately $718 million in 8 spot BTC ETFs.

Goldman Sachs Holds A Substantial Position In BlackRock’s IBIT

The filing shows that the bank’s biggest spot Bitcoin ETF holding is in BlackRock’s IBIT, with Goldman Sachs having a $461 million investment in the fund. This comes after Goldman Sachs added another $300 million to its Bitcoin ETF portfolio since the second quarter of this year, marking a 71% increase in the bank’s exposure to these crypto investment products.

In addition to the $461 million IBIT investment, Goldman Sachs also holds $96 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC). It has invested $72 million in the Grayscale Bitcoin Trust ETF (GBTC) and approximately $60 million in the Invesco Galaxy Bitcoin ETF (BTCO) as well.

The bank’s portfolio also includes a $22.5 million investment in Bitwise’s Bitcoin ETF (BITB), $3 million in the ARK 21Shares Bitcoin ETF (ARKB), around $4 million in the Grayscale Bitcoin Mini Trust (BTC) as well as $800,000 in the WisdomTree Bitcoin Fund (BTCW).

Trader Says Bitcoin Still In The Early Stages Of A “Parabolic” Phase

The filing comes as the largest crypto by market cap drops over 1% in the last 24 hours to trade at $90,483.52 as of 8:13 a.m. EST. Despite the minor correction throughout the past day of trading, the flagship crypto’s weekly performance still remains over 18% in the green.

#BTC

Bitcoin has Daily Closed below both blue levels but is already trying to reclaim them as support

The most important thing here would be to avoid turning them into resistance later today

Macro-wise Bitcoin is still very early in its Parabolic Phase$BTC #Crypto #Bitcoin https://t.co/ihJkeq8kRc pic.twitter.com/RQ0kRoBaUz

— Rekt Capital (@rektcapital) November 15, 2024

Pseudonymous crypto trader and analyst Rekt Capital said in a Nov. 15 X post to his more than 509K followers that BTC is still “very early in its Parabolic Phase” from a macro perspective. He did note, however, that BTC will need to close today’s trading session above $88,715.61 to prevent the price point from turning into a resistance level.