Goldman Sachs holds $461 million in BlackRock’s IBIT, new filing reveals

Key Takeaways

Goldman Sachs discloses an 83% boost in BlackRock Bitcoin ETF shares.
The bank also expanded investments in other Bitcoin ETFs, including Fidelity’s Wise Origin and Grayscale’s Bitcoin Trust.

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Goldman Sachs has expanded its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares valued at $461 million, which represents an 83% increase from its previous position of approximately 6.9 million shares, according to a new SEC filing first reported by MacroScope.

The recent increase in Goldman Sachs’ IBIT holdings greatly outpaces Capula Management’s approximately $253 million holdings. The firm is now the second-largest holder of IBIT, trailing only Millennium Management, which holds approximately $844 million in IBIT shares.

The investment bank, which was added by BlackRock as authorized participants for its Bitcoin ETF, has also invested in many other spot Bitcoin ETFs.

The firm’s holdings include over 1.7 million shares of Fidelity’s Wise Origin Bitcoin ETF (FBTC) worth $95.5 million, representing a 13% increase from its previous filing.

Goldman Sachs also holds over 1.4 million shares of Grayscale’s Bitcoin Trust (GBTC) valued at $71.8 million, up 116% from its last filing. The bank owns 650,961 shares of Bitwise’s Bitcoin ETF (BITB) worth $22.5 million, showing a 156% increase from its previous position.

Goldman Sachs’ portfolio also includes stakes in other funds managed by Invesco/Galaxy, WisdomTree, and Ark/21Shares.

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