Bitcoin ETF: Goldman Sachs Invests $1.5B

Goldman Sachs Boosts Bitcoin ETF Investments to $1.5 Billion

• Goldman Sachs increased its investment in spot Bitcoin ETFs to $1.5 billion by Q4 2024.
• The bank’s portfolio focuses on iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund.
• Goldman Sachs divested from other spot Bitcoin ETFs, streamlining its strategy.
• The SEC approved trading options for these ETFs in November 2024.
• The spot Bitcoin ETF sector faced capital outflows for two consecutive days despite these investments.

By the fourth quarter of 2024, Goldman Sachs had invested $1.5 billion in spot Bitcoin ETFs, focusing on iShares and Fidelity funds after divesting from other options.