CandleFocus

Goldman Sachs holds $461 million in BlackRock’s IBIT, new filing reveals

Goldman Sachs has increased its holdings in BlackRock's iShares Bitcoin Trust (IBIT) to 12.7 million shares valued at $461 million, representing an 83% increase from its previous position. This makes Goldman Sachs the second-largest holder of IBIT, behind Millennium Management. Goldman Sachs has also invested in other Bitcoin ETFs, including Fidelity's Wise Origin Bitcoin ETF, Grayscale's Bitcoin Trust, and Bitwise's Bitcoin ETF. The bank's portfolio also includes stakes in funds managed by other companies such as Invesco/Galaxy, WisdomTree, and Ark/21Shares.

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