Goldman Sachs reported holding approximately $418.6 million in spot bitcoin ETF shares across seven funds as of June 30, according to a company filing with the Securities and Exchange Commission on August 13.
The bank’s largest investment is in the iShares Bitcoin Trust (IBIT), valued at $238.6 million. Fidelity Wise Origin Bitcoin Fund (FBTC) follows with an investment of $79.5 million, while the Invesco Galaxy Bitcoin ETF (BTCO) represents $56.1 million of Goldman Sachs’ holdings. Additionally, the Grayscale Bitcoin Trust ETF (GBTC) accounts for $35.1 million of the bank’s portfolio.
Smaller allocations include $8.3 million in the Bitwise Bitcoin ETF (BITB), $749,469 in the WisdomTree Bitcoin Fund (BTCW), and $299,900 in the ARK 21Shares Bitcoin ETF (ARKB).
This investment underscores a growing trend of institutional interest in cryptocurrency-based investment products. The 11 bitcoin ETFs launched earlier this year have attracted $17.4 billion in inflows, according to U.K. asset manager Farside Investors. On August 13, these ETFs saw $39 million in net inflows, with iShares’ IBIT leading at $34.6 million, followed by FBTC with $22.6 million. Bitcoin was trading around $59,000, experiencing a slight decline over the previous 24 hours amid broader macroeconomic uncertainties affecting risk-on assets.
The SEC filing also revealed specific share counts, including 1.5 million shares of Fidelity’s FBTC and 660,183 shares of Grayscale’s GBTC. These investments are part of Goldman Sachs’ wider ETF strategy, which encompasses 44 ETFs traded on U.S. markets, with total assets nearing $35 billion. The firm has also recently expanded its municipal bond ETF offerings.
The success of spot bitcoin ETFs has spurred interest in other crypto-based ETFs. Last month saw the launch of nine spot Ethereum ETFs, which, despite $376 million in outflows within three weeks, are viewed as a success. The outflows were largely driven by $2.3 billion withdrawn from the Grayscale Ethereum Trust (ETHE), which differs from other Ethereum ETFs due to its higher fee structure of 2.5%.
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