Goldman Sachs Reveals $710 Million Bitcoin ETF Holdings, 156% Increase Since August

Nov 15, 2024, 10:04 AM

Goldman Sachs, a leading asset manager with $2.8 trillion under management, has disclosed holdings of $710 million in Bitcoin ETFs according to its latest SEC 13F filing. The holdings include significant increases since August in investments in Bitwise's BITB, up 156%, and Grayscale's GBTC, up 116%. This move signifies growing institutional interest in Bitcoin and cryptocurrency assets, highlighting a substantial shift in traditional financial institutions' engagement with digital assets.