Goldman Sachs Expands Its $1.65B Bitcoin ETF Holdings

By: cryptofrontnews|2025/05/10 14:15:06
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Goldman Sachs now holds $1.65B in Bitcoin ETFs, solidifying its position as the largest institutional holder of BlackRock's IBIT.BlackRock’s IBIT has seen $44B in net inflows since January, with a 19-day streak of consistent inflows reflecting Bitcoin’s price recovery.Goldman Sachs shifts from Bitcoin options to direct exposure via spot ETFs, aligning with broader institutional trends in crypto investments.According to Bitcoin Archive, Goldman Sachs has reinforced its position in the Bitcoin market, now holding $1.65 billion through spot Bitcoin ETFs. This strategic move positions the investment bank as the largest institutional holder of BlackRock’s IBIT, according to Fintel data. Besides BlackRock’s IBIT, Goldman continues to hold a sizable stake in Fidelity’s Bitcoin fund (FBTC), currently valued at around $288 million. The bank's position signals growing institutional confidence amid rising crypto market volatility.IBIT Sees Unrelenting Inflows Amid Market ShiftsBlackRock’s IBIT has continued its impressive run, securing $356.2 million in inflows on May 9 alone. Consequently, the fund has extended its inflow streak to 19 consecutive days, marking its longest run this year. Since launching in January, IBIT has attracted more than $44 billion in net inflows. Its assets under management have now swelled to approximately $62.8 billion.Further, IBIT registered $1.03 billion in inflows during the last trading week. The increase reflects investor optimism as Bitcoin regained price levels. Bitcoin regained the $90,000 level on April 23 and surpassed $100,000 on May 8. This recovery has reinspired market sentiment, supporting ETF inflows.Goldman Sachs Shifts Strategy on Bitcoin OptionsIn its December 2024 disclosure, Goldman Sachs held $157 million in call options and $611 million in put options on Bitcoin ETFs. These derivatives reflected a hedged stance, allowing gains from both upward and downward price movements. However, the bank’s latest filing shows no trace of these contracts. Hence, Goldman has likely closed these positions or allowed them to expire.Additionally, Goldman’s strategy shift suggests a pivot toward direct exposure through spot ETFs. This aligns with broader institutional trends favoring less complex crypto investments. Brevan Howard is ranked second on the list, with over 25 million shares of IBIT worth nearly $1.4 billion. Other important owners at IBIT are Jane Street, Symmetry Investments, and D.E. Shaw & Co.Bitcoin’s price volatility remains high, with values fluctuating between $83,152 and $103,000 during IBIT’s current inflow streak. However, sustained ETF inflows and major institutional involvement continue to underscore a maturing market landscape.The post Goldman Sachs Expands Its $1.65B Bitcoin ETF Holdings appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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