Goldman Sachs reported more than $ 2 billion in crypto exposure via Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETF) from December 31, according to the last 13F form.
According to his 13F form, the lender had an exposure to Bitcoin of $ 1.56 billion at the end of the fourth quarter of 2024, more than 2x higher than the $ 710 million reported in the previous quarter.
The application with the US Securities and Exchange Commission described more than $ 1.2 billion in BTC exposure via BlackRock’s IBIT, $ 3.6 million via GBTC from Grayscale and $ 288 million via FBTC from Fidelity.
In addition, the 13F form $ 760 million unveiled in options trading positions via spot ETFs. A well position worth more than $ 84 million was opened via FBTC, in addition to a well position of $ 527.5 million via Ibit. The only call position was worth $ 157.3 million and was also opened through IBIT.
Earlier exposure via Ark 21Shares’ Arkb, Bitwise’s Bitb, Grayscale’s Mini Bitcoin Trust, Invesco Galaxy’s BTCO and Wisdomtree’s BTCW reported on November 14 for the third quarter were all closed.
With regard to the equity amount, Goldman Sachs reported an increase of 88.5% and 105.2% in the IBIT and FBTC shares respectively. In addition, the institution reduced 97% of the GBTC shares it had.
Appetite for Ethereum
The appetite of Goldman Sachs for Ethereum (ETH) also saw a considerably increase in quarter past quarter, along with the increase in his Bitcoin exposure.
From December 31, the traditional financial institution reported $ 476.5 million to Spot ETF ETF shares, compared to only $ 25.1 million in September 30 – a jump of almost 19x.
The 13F application revealed $ 234.7 million in ETH exposure by Fidelity’s Feth and $ 235.5 million via BlackRock’s Ethha. Finally, it reported an Ethereum exposure of $ 6.3 million via Grayscale’s ETH Mini Trust.
Despite the significant increase in ETH exposure, it only represents 30% of the total crypto -exposure of Goldman Sachs.
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Gino Matos
Gino Matos graduated from the law study and an experienced journalist with six years of experience in the crypto industry. His expertise focuses primarily on the Brazilian blockchain ecosystem and developments in Decentralized Finance (Defi).