Bitcoin ETF Surge Goldman Sachs Invests

Goldman Sachs Expands Investment in BlackRock’s Bitcoin ETF

• Goldman Sachs increased its stake in BlackRock’s iShares Bitcoin Trust to 30.8 million shares, valued at over $1.4 billion.
• The iShares Bitcoin Trust (IBIT) is the leading Bitcoin ETF with approximately $62.8 billion in assets under management.
• In February, Goldman Sachs held over $1.5 billion in US spot Bitcoin ETF holdings, including $1.2 billion in IBIT and $288 million in Fidelity’s Bitcoin fund (FBTC).
• Brevan Howard is the second-largest institutional holder of IBIT, with over 25 million shares worth nearly $1.4 billion.

Goldman Sachs has significantly increased its investment in BlackRock’s iShares Bitcoin Trust, now holding shares worth over $1.4 billion, making it the largest institutional holder of this leading Bitcoin ETF.