New filings reveal that financial services titan Goldman Sachs is holding hundreds of millions of dollars worth of spot market Bitcoin (BTC) exchange-traded fund (ETF) holdings.
According to new Form 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs holds $418 million worth of BTC ETF shares.
Other blue-chip investors also disclosed their BTC ETF holdings. Institutional investors such as BlackRock, Bitwise, ARK Invest, Invesco, WisdomTree, Grayscale and Fidelity also were found to be holding widely differing dollar amounts.
While BlackRock, a firm with over $10 trillion with assets under its management, holds about $240 million worth of BTC ETF shares, Cathie Wood’s ARK Invest holds just $0.3 million while crypto asset manager Grayscale holds $35.15 million.
Other notable BTC holdings include Invesco’s $56.19 million, Fidelity’s $79.55 million and Bitwise’s $8.3 million, according to the data.
In March, it was reported that Goldman Sachs’ clients started investing in crypto derivatives after the launch of BTC ETFs in January. At the time, Max Minton, the firm’s head of digital assets in Asia, told Bloomberg that the launch of the ETFs renewed interest in crypto with Goldman Sachs’ clients.
“The recent ETF approval has triggered a resurgence of interest and activities from our clients. Many of our largest clients are active or exploring getting active in the space…
It was a quieter year last year, but we’ve seen a pickup in interest from clients in onboarding, pipeline, and volume since the start of the year.”
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