Goldman Sachs Discloses Significant Bitcoin ETF Holdings in Q2 Filing

• Goldman Sachs holds holdings in seven separate US Bitcoin exchange-traded funds.
• Institutional exposure to spot Bitcoin ETFs has been growing in recent months.

Goldman Sachs, a massive financial institution, disclosed its holdings in the second quarter in a Form 13F filing. According to the SEC filing, the massive financial institution holds holdings in seven separate US Bitcoin exchange-traded funds.

The filing reveals that Goldman Sachs has an incredible 7 million shares, or $238 million, in BlackRock’s iShares Bitcoin Trust (IBIT). It is valued roughly $80 million and has 1.5 million shares of the Fidelity ETF FBTC. Moreover, $35.1M was invested in Bitcoin ETF by Grayscale, $56.1M in Invesco’s, $8.3M in Bitwise’s, followed by WisdomTree and Ark21Shares.

Rising Institutional Interest 

The 13F filings provide a clear picture of how major market participants are trading their Bitcoin exchange-traded funds. In the future, more corporations will disclose their ETF investments in Q2 when they submit their filings.

With over 500 institutional investors already investing in Bitcoin products, institutional exposure to spot Bitcoin ETFs has been growing. With $4.2 million in daily trading volumes, BlackRock’s IBIT jumped to third place among Bitcoin holders in the first half of the year after inception.

Inflows into exchange-traded funds that track spot bitcoin have started up again this week. On Tuesday, August 13, a total of $39 million was recorded in net inflows, with $34.6 million going into BlackRock’s IBIT Bitcoin ETF, $22.6 million into Fidelity’s FBTC, $16.5 million into Bitwise’s BITB, and $28.6 million going out of Grayscale’s GBTC.

Spot Ethereum ETFs have also seen a resurgence in investment, with ETHA, run by BlackRock, being the most popular. With a 4.25% increase in the last day, Bitcoin’s price has accelerated above $61,000. This market upswing seems to be a component of the large short covering that is taking place in anticipation of the upcoming US CPI inflation data release.

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