Goldman Sachs has significantly increased its position in BlackRock’s iShares Bitcoin Trust (IBIT), growing its holdings by 28% to over 30.8 million shares, valued at more than $1.4 billion as of March 31, according to a recent SEC filing.
Back in February, Goldman disclosed over $1.5 billion in U.S. spot Bitcoin ETF holdings. That included approximately $1.2 billion in IBIT and $288 million in Fidelity’s Bitcoin Fund (FBTC). The latest filing shows no major changes in its FBTC position.
According to the latest data from Fintel, Goldman Sachs is now the largest institutional holder of IBIT.
Brevan Howard holds the second-largest stake, with over 25 million shares worth nearly $1.4 billion.
Other notable institutional investors in IBIT include Jane Street, Symmetry Investments, and D.E. Shaw & Co., reflecting continued institutional interest in Bitcoin ETFs.
Source
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/goldman-sachs-boosts-ibit-stake-to-1-4-billion/