Goldman Sachs Reveals More Than $400 Million in Bitcoin ETF Holdings

Goldman Sachs just went from Bitcoin skeptic to Bitcoin holder in just a few months. A new 13F filing with the SEC revealed Tuesday that the investment

Goldman Sachs has quietly become one of the largest holders of Bitcoin ETFs, according to a new 13F filing with the SEC on Tuesday.

The investment giant now holds more than $400 million in various Bitcoin ETFs as of June 30. The holdings were scattered across a field of various ETF issuers, including BlackRock, Grayscale, Fidelity, and Bitwise.

This move by Goldman is particularly noteworthy considering what the firm's Head of Wealth Management had to say about crypto just a few months ago.

In an interview with the Wall Street Journal in April, Sharmin Mossavar-Rahmani said not only was Goldman not interested in crypto, but their wealth clients weren't either.

“We do not think it is an investment asset class,” she told The Journal at the time. “We’re not believers in crypto.”

But since then, not only has Goldman apparently been scooping up Bitcoin ETFs, the Wall Street giant has also been sharing plans to lean into three different tokenized asset projects.

According to Fortune, Goldman is laying the groundwork for a tokenized European debt fund, a project targeting U.S. funds and another yet-to-be-announced sector.

This latest filing also reveals that Renaissance Technologies, the quantitative hedge fund founded by the late James Simons, has also upped its Bitcoin ETF holdings to the tune of $96 million.

Meanwhile, BlackRock is now the clear leader among asset managers in terms of Bitcoin ETF holdings, with roughly $2.2 billion, according to FinTell data.

Dan akhirnya, antara lima pemegang teratas Bitcoin ETF terbesar (NYSEARCA:BITO), iaitu ProShares Bitcoin Strategy ETF, Goldman kini berada di kedudukan no. 3 dalam senarai dengan kira-kira $332 juta dalam saham BITO ETF.

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