Goldman Sachs has significantly expanded its Bitcoin ETF holdings, as revealed in its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).
The Wall Street giant holds $710 million across various Bitcoin exchange-traded funds (ETFs), according to its latest SEC filing for the quarter ending September 30.
A 13F filing is a quarterly report mandated by the SEC for institutional investment managers with over $100 million in assets under management.
For investors and market observers, Goldman expanding its Bitcoin ETF holdings is a strong indicator that institutional interest in digital assets is gaining momentum.
The bank’s largest exposure lies in BlackRock’s iShares Bitcoin Trust (IBIT), where it now holds 12.7 million shares valued at $461 million at the time the filing was prepared. This represents an 83% increase from its previous filing in August of 6.9 million shares, valued then at $281
Go to Source to See Full Article
Author: Vismaya V
