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

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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.

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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.

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.

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