good news! Goldman Sachs increases Ethereum ETF holdings by 2,000%, Bitcoin ETF holdings increase to $1.5 billion

Goldman Sachs significantly increased its holdings in Bitcoin and Ethereum ETFs, betting on the cryptocurrency market. According to a 13F filing filed with the U.S. Securities and Exchange Commission on February 11, its Ethereum ETF exposure has increased from $22 million to $476 million, mainly investing in BlackRock's iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH), and a small amount of investment in Grayscale Ethereum Trust ETF (ETHE). At the same time, Goldman Sachs' Bitcoin ETF holdings also increased by 114%, reaching US$1.52 billion, mainly increasing its holdings in iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).

Goldman Sachs held a Fidelity Ethereum ETF worth $234.7 million in the fourth quarter. Data source: SEC

The document also shows that Goldman Sachs holds a $3.6 million Grayscale Bitcoin Trust (GBTC). It is worth noting that Goldman Sachs' increase in holdings comes as BTC and ETH prices rose by 41% and 26.3% respectively in the fourth quarter.

In addition, Goldman Sachs seems to have cleared its Bitcoin ETFs from companies such as Bitwise, WisdomTree, Invesco, Galaxy, ARK and 21Shares. Goldman Sachs first invested in the spot cryptocurrency ETF market in the second quarter of 2024, when its Bitcoin ETF investment amounted to $418 million.

Goldman Sachs' move reflects the growing interest of Wall Street institutions in cryptocurrencies, which is closely related to the increasingly loose regulatory environment. Bloomberg reported in November that Goldman Sachs is considering launching an crypto platform for its partners to conduct blockchain transactions.

However, Goldman Sachs has been cautious about cryptocurrencies. Since 2020, Goldman Sachs has repeatedly criticized Bitcoin and the entire crypto industry, believing it is not a suitable investment asset class. Even when he first bought a Bitcoin ETF last April, Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs Private Wealth Management, expressed a similar view, likening the crypto boom of the time to the 17th-century tulip frenzy.

The above is the detailed content of good news! Goldman Sachs increases Ethereum ETF holdings by 2,000%, Bitcoin ETF holdings increase to $1.5 billion. For more information, please follow other related articles on the PHP Chinese website!