One of the world's largest investment banks continues to buy crypto, according to Bitcoin and Ethereum, the world's two largest cryptocurrency.
The financial company held about $ 1.3 billion of Bitcoin ETF Blackrock shares and $ 300 million of loyalty. Exchange trading funds allow investors to come into contact with an asset without the need to buy the asset themselves.
Goldman Sachs was also holding nearly $ 500 million in Ethereum ETFs, divided equally between Blackrock and faithfulness. The company's Crypto ETF holdings jumped 50% from the previous quarter, when its holdings were worth about $ 720 million, according to SEC filing.
It is unclear whether the investment bank's crypto holdings are its own investments or assets on behalf of clients. A spokesman for Goldman Sachs did not immediately respond to a request for a comment.
“I would be surprised if this in Goldman himself expressed a scene, but it is encouraging to see Goldman clients join the wider digital asset movement,” said Chris Kline, Coo and Gofounder Bitcoinira, a crypto investment platform, at, at, at, Crypto Investment Platform, Fort.
Goldman Sachs' growing crypto portfolio comes as institutional investors show a greater desire for digital assets following prosperity in crypto ETFs.
In January 2024, the United States saw the launch of its first Bitcoin ETFs spot, or financial vehicles giving investors exposure to real -time price movements in the world's largest cryptocurrency. Wall Street companies soon plummeted into the growing asset class.
Morgan Stanley. Wells FargoAnd Renaissance Technologies, Hedgerow Fund, all purchased doses of the newly launched financial products, according to SEC filing.
Even Wisconsin pension fund joining In and buy nearly $ 100 million shares at Bitcoin Spot ETFs at the beginning of 2024.
In total, investors have thrown more than $ 40 billion into Bitcoin ETFs in the US and $ 3.2 billion into ETF ether on the spot, back SokalCrypto Data Platform.
Sidney Powell, CEO of Maple, said, which lets consumers borrow and borrow crypto, Fort That Goldman Sachs' latest disclosure of his Bitcoin holdings shows that deep pocket investors are becoming more zealous in their crypto investments.
In addition to its ownership shares at Bitcoin ETFS Spot, the investment bank also revealed that it owns nearly $ 700 million in Bitcoin ETF SPOT options.
Goldman Sachs has bet more than $ 500 million that the price of Bitcoin will increase and hedge with a bet by nearly $ 160 million that its price will fall.