{"id":27229,"date":"2024-08-14T09:10:31","date_gmt":"2024-08-14T09:10:31","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/08\/14\/goldman-sachs-holds-over-400m-in-spot-bitcoin-etfs\/"},"modified":"2024-08-14T09:10:31","modified_gmt":"2024-08-14T09:10:31","slug":"goldman-sachs-holds-over-400m-in-spot-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/08\/14\/goldman-sachs-holds-over-400m-in-spot-bitcoin-etfs\/","title":{"rendered":"Goldman Sachs Holds Over $400M in Spot Bitcoin ETFs"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/goldman-sachs\">Goldman Sachs<\/a> has disclosed $418 million holdings in spot Bitcoin exchange-traded funds (ETFs), signalling a growing institutional appetite for Bitcoin exposure.<\/p>\n<p>BREAKING: \ud83c\uddfa\ud83c\uddf8 Goldman Sachs reports holding over $400 million in spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs in new SEC filing \ud83d\udc40 <a href=\"https:\/\/t.co\/n4nWDfCm6w\">pic.twitter.com\/n4nWDfCm6w<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1823633412030152960?ref_src=twsrc%5Etfw\">August 14, 2024<\/a><\/p>\n<p><a href=\"https:\/\/www.sec.gov\/edgar\/search\/#\/q=Bitcoin&amp;dateRange=custom&amp;entityName=Goldman&amp;startdt=2024-08-13&amp;enddt=2024-08-13\">In a quarterly filing<\/a>, the Wall Street titan revealed investments in 7 different Bitcoin ETFs available in the U.S. market. Its largest position was in <a href=\"https:\/\/bitcoinmagazine.com\/tags\/blackrock\">BlackRock&#8217;s<\/a> iShares Bitcoin Trust (IBIT), worth nearly $240 million.<\/p>\n<p>Goldman also held shares of the $79.5 million <a href=\"https:\/\/bitcoinmagazine.com\/tags\/fidelity\">Fidelity<\/a> Bitcoin ETF, $35.1 million in Grayscale BTC, $56.1 million in Invesco Galaxy Bitcoin, $8.3 million in Bitwise Bitcoin ETF, and smaller stakes in funds from WisdomTree, Ark Invest.<\/p>\n<p>The disclosure highlights surging institutional demand for Bitcoin products as Bitcoin gains mainstream adoption. With its sizable and diverse Bitcoin ETF holdings, Goldman aims to benefit from Bitcoin&#8217;s upside potential without direct ownership.<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/business\/goldman-sachs-bitcoin-etfs-are-an-astonishing-success\">Earlier this year<\/a>, Goldman Sachs&#8217; head of digital assets called Bitcoin ETFs an &#8220;astonishing success,&#8221; signalling a pivot after years of the Wall Street giant&#8217;s scepticism about Bitcoin.<\/p>\n<p>As legacy finance gradually embraces Bitcoin, Bitcoin ETFs have become a prime gateway for institutional participation. ETFs offer familiarity and liquidity while muting Bitcoin&#8217;s volatility swings.<\/p>\n<p>Eventually, most major financial institutions will likely hold significant Bitcoin exposure to meet client demand. Goldman&#8217;s Bitcoin ETF bet signals an understanding that Bitcoin is here to stay.<\/p>","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs has disclosed $418 million holdings in spot Bitcoin exchange-traded funds (ETFs), signalling a growing institutional appetite for Bitcoin exposure. BREAKING: \ud83c\uddfa\ud83c\uddf8 Goldman Sachs reports holding over $400 million in spot #Bitcoin ETFs in new SEC filing \ud83d\udc40 pic.twitter.com\/n4nWDfCm6w \u2014 Bitcoin Magazine (@BitcoinMagazine) August 14, 2024 In a quarterly filing, the Wall Street titan [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27229","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27229"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=27229"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27229\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=27229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=27229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=27229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}