Goldman Sachs continues to ramp up its investments in Bitcoin ETFs, broadening its footprint in the digital asset market.
Goldman Sachs' Bitcoin ETF Investments
According to the SEC filing, Goldman Sachs' investments in Bitcoin ETFs have reached $710 million. The majority of these investments are in BlackRock's iShares Bitcoin Trust, where the bank ranks as the second-largest holder, behind Millennium Management.
Record Inflows into Spot Bitcoin ETFs
In parallel with Goldman Sachs' increased investments, the spot Bitcoin ETF market also shows growth. Total assets in Bitcoin ETFs surpassed $90 billion, approaching the volume of gold ETFs.
Current Market Changes
Despite positive ETF trends, Bitcoin's price has fallen by 1.33% in the last 24 hours.
The rising investment interest in Bitcoin ETFs, especially from major institutional investors like Goldman Sachs, underscores the growing significance of digital assets in the modern financial world.
