Goldman Sachs has significantly expanded its Bitcoin ETF holdings, according to the company’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC) for the quarter ending September 30. The filing reveals that Goldman now holds $710 million across various Bitcoin ETFs, further emphasizing the growing institutional interest in digital assets.
The majority of Goldman’s investment is concentrated in BlackRock’s iShares Bitcoin Trust (IBIT), where the bank holds 12.7 million shares valued at $461 million. This marks an 83% increase from its August position of 6.9 million shares, which were then worth $281 million. With this move, Goldman has become the second-largest holder of IBIT, trailing only Millennium Management, which leads with $844 million in holdings.
Goldman has also increased its positions in other major Bitcoin ETFs. The bank now holds over 1.7 million shares in Fidelity’s Wise Origin Bitcoin ETF (FBTC), worth $95.5 million—a 13% rise from the previous quarter. Its stake in the Grayscale Bitcoin Trust (GBTC) has grown by 116%, with the company now owning 1.4 million shares valued at $71.8 million. Goldman’s holdings in the Bitwise Bitcoin ETF (BITB) have surged by 156%, bringing its position to 650,961 shares worth $22.5 million. Smaller stakes in ETFs from Invesco Galaxy, WisdomTree, and ARK 21Shares were also disclosed.
These developments coincide with a broader surge in institutional investment in Bitcoin ETFs. BlackRock’s IBIT recently surpassed the iShares Gold ETF (IAU) in net assets, a notable achievement considering that IBIT was launched less than a year ago. This growing momentum reflects increasing confidence in Bitcoin as a long-term investment vehicle.
Market enthusiasm has grown amid expectations of a crypto-friendly regulatory environment under the Trump administration, which has expressed support for initiatives like creating a strategic Bitcoin reserve. Goldman’s increasing investments reflect confidence in the rising importance of Bitcoin ETFs as a link between traditional finance and the fast-evolving digital asset landscape.
This move by Goldman Sachs is a strong signal that institutional adoption of Bitcoin is gaining traction, setting the stage for continued growth and broader acceptance of cryptocurrency in mainstream financial markets.