Top U.S. Bank Reveals Major Investment in Bitcoin ETFs
Goldman Sachs has released its 13F filing for the second quarter, revealing significant investments in several Bitcoin ETFs.
The banking giant holds substantial shares in BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Bitcoin ETF (FBTC), valued at $238 million and $80 million, respectively.
These filings provide insight into how major financial institutions are investing in Bitcoin ETFs. The trend of institutional investment in these products is growing, with over 500 large investors now participating.
BlackRock’s IBIT, in particular, has quickly become a significant player, reaching daily trading volumes of $4.2 million within six months of its launch.
READ MORE:
Tether CEO Warns: Bitcoin and Gold Are Key Amid Global TensionsRecently, Bitcoin ETFs have seen a resurgence in inflows, with BlackRock’s IBIT receiving $34.6 million and Fidelity’s FBTC attracting $22.6 million. However, Grayscale’s GBTC faced $28.6 million in outflows. Additionally, spot Ethereum ETFs are also gaining traction, led by BlackRock’s ETHA.
In summary, Goldman Sachs’ 13F filing highlights its robust engagement with Bitcoin ETFs, reflecting a broader trend of increasing institutional interest in cryptocurrency investments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu Community Pushes Token Toward $0,001
Can You Turn $500 Into $500 With These Cryptocurrencies?
215 Arrested in South Korea’s $232M Crypto Scam
South Korean police have arrested 215 people for taking part in a massive crypto fraud scheme
BlackRock Launches BUIDL Fund on 5 Blockchains
BlackRock, the world’s largest asset manager, just took a big step in the crypto world