Financial services GIANT Goldman Sachs is said to have almost $ 2 billion in shares in Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFS).
According to a new submit With the US Securities and Exchange Commission (SEC) Goldman Sachs currently has $ 1.63 billion in Bitcoin ETFs and $ 196.3 million in Etheum ETFs, the majority of the shares from BlackRock’s Ishares Bitcoin Trust (IBIT).
The data reveals that the banking company has 24,077,861 IBIT shares with a value of more than $ 1.33 billion, 3,530,486 shares of the Fidelity Wise Origin Bitcoin (FBTC) worth more than $ 300 million, and 49.183 shares More than $ 3.7 million from the Grayscale Bitcoin Trust (GBTC).
In terms of Ethereum, the data shows that Goldman Sachs 7,024,747 has shares of the Fidelity Ethereum Fund (Feth) worth more than $ 191.1 million and 200,000 shares of the Grayscale Etheum Mini Trust ETF worth more than $ 5.1 million.
BTC and ETF-based ETFs with which investors enable themselves to expose themselves to the top two digital assets per market capitalization without actually having to buy them physically approved by the SEC in 2024.
In December Goldman Sachs Chief Executive David Solomon said that the regulations should change before the bank is considering keeping and trading digital assets.
As mentioned by Solomon at the time,
“At the moment, as a regulated banking institution, we are not allowed to own cryptocurrency such as Bitcoin as director. We give our customers advice on a variety of these technologies and these issues and will continue to do so, but at the moment our ability to act in these markets is extremely limited from a regulatory perspective. “
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Featured image: Shutterstock/Sol Invictus/IVafoto