Goldman Sachs Expands Bitcoin ETF Holdings by 105% in Q4
- Goldman Sachs increased its Bitcoin ETF holdings by up to 105% in the fourth quarter.
- The bank disclosed over $460 million in BlackRock’s IBIT Bitcoin ETFs.
- Goldman has adopted a diversified approach, including options positions in these ETFs.
- The strategy includes both direct ETF ownership and derivatives trading through call and put options.
- In November, Goldman initiated a blockchain venture to optimize trading and settlement processes.
Goldman Sachs reported holdings of over $460 million in BlackRock’s IBIT Bitcoin ETFs, reflecting a significant increase of up to 105% in the fourth quarter. The bank’s strategy involves both direct exposure and options strategies, indicating growing institutional interest in Bitcoin-linked investment products.
Source (2.6)https://cryptobriefing.com/goldman-sachs-bitcoin-etf-investment/?rand=59535