New documents reveal that financial services firm Goldman Sachs holds hundreds of millions of dollars worth of Bitcoin (BTC) exchange-traded fund (ETF) positions worth the spot market.
According to new Form 13F filings with the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs holds $418 million in BTC ETF shares.
Other blue chip investors also announced their BTC ETF holdings. Institutional investors such as BlackRock, Bitwise, ARK Invest, Invesco, WisdomTree, Grayscale and Fidelity were also found to hold widely varying dollar amounts.
While BlackRock, a company with more than $10 trillion in assets under management, owns about $240 million worth of BTC ETF shares, Cathie Wood’s ARK Invest owns just $0.3 million, while crypto asset manager Grayscale holds $35.15 million.
Other notable BTC holdings include Invesco’s $56.19 million, Fidelity’s $79.55 million and Bitwise’s $8.3 million, according to the data.
In March, it was reported that Goldman Sachs clients began investing in crypto derivatives following the launch of BTC ETFs in January. At the time, Max Minton, the firm’s head of digital assets in Asia, told Bloomberg that the launch of the ETFs renewed interest in crypto among Goldman Sachs clients.
“The recent ETF approval has led to a resurgence in interest and activity from our clients. Many of our largest customers are active or want to become active in the space…
Last year was a quieter year, but since the start of the year we have seen increasing customer interest in onboarding, pipeline and volume.”
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