Goldman Sachs boosts Bitcoin ETF holdings by up to 105% in Q4, SEC filings reveal

Key Takeaways

• Goldman Sachs increased its Bitcoin ETF holdings by up to 105% in the fourth quarter.
• The bank has combined direct exposure with options strategies in Bitcoin ETFs, reflecting heightened institutional interest.

Goldman Sachs has significantly increased its Bitcoin ETF holdings, expanding its position in the iShares Bitcoin Trust (IBIT) by 88% and the Franklin Bitcoin Trust (FBTC) by 105% compared to its previous filing, according to recent SEC filings .

In November, Goldman disclosed holdings of over $460 million in BlackRock’s IBIT Bitcoin ETFs, marking a notable shift from its earlier crypto skepticism.

The 13F filing reveals that Goldman Sachs has adopted a diversified approach to digital asset exposure, including options positions in these ETFs.

The strategy encompasses both direct ETF ownership and derivatives trading through call and put options.

The portfolio adjustments come amid broader market movements toward crypto assets, with Goldman’s increased allocation reflecting heightened institutional interest in Bitcoin-linked investment products.

Last July, the firm announced plans to launch three tokenized funds targeting the US and European markets, aiming to integrate blockchain technology into its operations.

Additionally, in November, Goldman initiated a blockchain venture focused on optimizing trading and settlement processes for financial instruments while supporting the tokenization of funds.