tldr; Goldman Sachs has significantly increased its holdings in BlackRock’s iShares Bitcoin Trust (IBIT), boosting its stake by 28% in Q1 2025 to over 30.8 million shares valued at $1.4 billion, according to an SEC filing. This marks a notable rise from 24 million shares at the end of 2024. Goldman now ranks as the top institutional holder of IBIT, surpassing other major players. The bank has shifted its strategy, favoring direct equity exposure in Bitcoin ETFs over derivatives, reflecting growing institutional interest in spot Bitcoin ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Bullishhhhhhhh
CriticalCobraz on
Petition to change name to Bitcoinman Sachs
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Goldman socks finally waking up?
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tldr; Goldman Sachs has significantly increased its holdings in BlackRock’s iShares Bitcoin Trust (IBIT), boosting its stake by 28% in Q1 2025 to over 30.8 million shares valued at $1.4 billion, according to an SEC filing. This marks a notable rise from 24 million shares at the end of 2024. Goldman now ranks as the top institutional holder of IBIT, surpassing other major players. The bank has shifted its strategy, favoring direct equity exposure in Bitcoin ETFs over derivatives, reflecting growing institutional interest in spot Bitcoin ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bullishhhhhhhh
Petition to change name to Bitcoinman Sachs
Goldman socks finally waking up?