Investment bank Goldman Sachs significantly increased its holdings in Ethereum and Bitcoin ETFs in Q4 2024, signaling a substantial interest in cryptocurrencies.
Sharp Increase in Ethereum ETF Investments
Goldman Sachs boosted its Ethereum ETF holdings from $22 million to $476 million through investments in iShares Ethereum Trust (ETHA), Fidelity Ethereum Fund (FETH), and Grayscale Ethereum Trust ETF (ETHE).
Bitcoin ETF Holdings Reach New Heights
Investments in Bitcoin ETFs increased by 114%, reaching $1.52 billion. Major holdings were in iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).
Institutional Crypto Adoption Trend
The rise in crypto ETF investments highlights the trend of institutional acceptance of cryptocurrencies, driven by an increasingly favorable regulatory environment.
Goldman Sachs’ dramatic increase in Ethereum and Bitcoin ETF investments underscores the growing interest of major financial institutions in cryptocurrencies, despite previous criticism.
