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Goldman Sachs discloses nearly $420 million in Bitcoin ETF holdings

Tags: digital
DATE POSTED:August 14, 2024
Quick Take

In a relatively quiet second quarter for 13-F Bitcoin ETF filings, Goldman Sachs made headlines by disclosing significant positions in several Bitcoin ETFs, according to this SEC filing. This disclosure is particularly noteworthy given the subdued activity compared to the first quarter of the year.

Goldman Sachs reported a diverse portfolio, starting with a stake in the ARK 21Shares Bitcoin ETF, valued at $299,900 for 5,000 shares. Their holdings also include a substantial $8.3 million investment in the Bitwise Bitcoin ETF Trust, representing 253,961 shares. A significant position is in the Fidelity Wise Origin Bitcoin ETF, with $79.5 million in value, amounting to 1,516,302 shares. Additionally, Goldman holds $35.1 million in the Grayscale Bitcoin Trust, totaling 660,183 shares.

Further investments include $56.3 million in the Invesco Galaxy Bitcoin ETF, translating to 940,443 shares, and a significant $238.7 million stake in the iShares Bitcoin Trust, equivalent to 6,991,248 shares. Lastly, the firm disclosed a $749,469 position in the WisdomTree Bitcoin Fund, covering 11,773 shares. These filings underline Goldman Sachs’ growing interest in the digital assets market.

ETF Issuer Value Shares ARK 21Shares Bitcoin ETF $299,900 5,000 Bitwise Bitcoin ETF Trust $8,301,985 253,961 Fidelity Wise Origin Bitcoin ETF $79,545,203 1,516,302 Grayscale Bitcoin Trust $35,148,143 660,183 Invesco Galaxy Bitcoin ETF $56,292,469 940,443 iShares Bitcoin Trust $238,681,207 6,991,248 WisdomTree Bitcoin Fund $749,469 11,773

Source: .sec.gov

The post Goldman Sachs discloses nearly $420 million in Bitcoin ETF holdings appeared first on CryptoSlate.

Tags: digital