Bitcoin: Goldman Sachs Exceeds $2B Exposure

Goldman Sachs Reports Over $2 Billion in Crypto Exposure via ETFs

• Goldman Sachs reported $1.56 billion in Bitcoin exposure by Dec. 31, more than double the previous quarter’s $710 million.
• The firm had over $1.2 billion BTC exposure through BlackRock’s IBIT and $288 million via Fidelity’s FBTC.
• Options trading positions totaled $760 million, with significant put positions in FBTC and IBIT.
• The institution increased its IBIT and FBTC shares by 88.5% and 105.2%, respectively, while reducing GBTC shares by 97%.
• Ethereum exposure rose to $476.5 million from $25.1 million, constituting about 30% of total crypto exposure.

Goldman Sachs significantly increased its cryptocurrency exposure, notably doubling its Bitcoin investments to $1.56 billion and expanding Ethereum holdings nearly nineteenfold to $476.5 million by the end of the fourth quarter.