Global investment firm Goldman Sachs disclosed in its latest SEC filing that it holds $718 million worth of shares in eight Bitcoin ETFs.
Investments in Bitcoin ETFs
According to its 13F report filed with the SEC on November 14, Goldman Sachs holds approximately 12.7 million shares valued at over $461 million in BlackRock's iShares Bitcoin Trust. The bank also possesses more than 1.7 million shares in Fidelity Wise Origin Bitcoin ETF worth $95.5 million, over 1.4 million shares of Grayscale Bitcoin Trust ETF with a market value of $72 million, and 940,443 shares in Invesco Galaxy Bitcoin ETF worth nearly $60 million. Additionally, Goldman Sachs owns $22.5 million in Bitwise Bitcoin ETF shares, $3.8 million in ARK 21Shares Bitcoin ETF, nearly $4 million in Grayscale Bitcoin Mini Trust ETF, and around $791,852 in WisdomTree Bitcoin Fund shares.
Investments in Ethereum ETFs
Apart from Bitcoin ETF investments, Goldman Sachs has invested $22 million in Ether ETFs. Additionally, the bank owns $22.6 million worth of Grayscale Ethereum Mini Trust ETF shares and $2.6 million in Fidelity Ethereum Fund.
Evolution of Goldman Sachs' Investment Strategy
Goldman Sachs, known for its previous stance against cryptocurrencies, has shifted its approach as crypto ETFs emerged in the market. Recently in July, the bank announced plans to launch three tokenization projects by the end of the year, supported by participating in Blockdaemon's series B funding of $155 million in June 2021.
Goldman Sachs' investments in crypto ETFs demonstrate the company's changing attitude towards digital assets and its willingness to explore new opportunities in the field.
