Key Takeaways
- Goldman Sachs holds $418.65 million in bitcoin ETFs as of June 30.
- The bank is the third-largest holder of BlackRock’s iShares Bitcoin Trust.
- Capula Management also reported $464 million in bitcoin ETF holdings.
Goldman Sachs reported $418.65 million in U.S. spot bitcoin ETF holdings as of June 30, according to its latest quarterly 13F filing with the Securities and Exchange Commission.
The Wall Street giant revealed that it owned nearly 7 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), valued at $238.6 million. This significant investment made Goldman Sachs the third-largest holder of the IBIT fund, trailing only Millennium Management and Capula Management Ltd.
Other Bitcoin ETFs
Additionally, Goldman Sachs disclosed other notable bitcoin ETF investments, including 1.51 million shares of Fidelity’s FBTC, worth $79.5 million, and 660,183 shares of Grayscale’s converted bitcoin fund, valued at $35.1 million.
The bank also reported holdings in Invesco Galaxy Bitcoin ETF, as well as funds from Bitwise, WisdomTree, and Ark-21Shares, totaling $56.1 million.
Institutional investment managers like Goldman Sachs are required to file quarterly 13F reports if they manage over $100 million in equity assets. These filings provide a snapshot of their long equity positions but do not include short positions, offering a limited view of their overall portfolio strategies.
Capula Management
Capula Management Ltd., one of Europe’s largest hedge funds, also revealed significant spot bitcoin ETF holdings, totaling $464 million, primarily in BlackRock and Fidelity’s funds.
