12.02.2025 13:01
Goldman Sachs has significantly increased its Bitcoin ETF investments by adapting to the changing dynamics of the cryptocurrency market. In the last financial quarter, the company raised its assets by 120%, reaching a level of $2.05 billion.
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Goldman Sachs has significantly increased its Bitcoin ETF investments to keep pace with the changing dynamics of the cryptocurrency market. The company raised its assets by 120% in the last financial quarter, reaching a level of $2.05 billion.
Goldman Sachs' Crypto Investments Are Increasing
The global financial giant Goldman Sachs has significantly boosted its institutional investments in the cryptocurrency markets. According to the latest 13F reports submitted to the SEC, the company recorded remarkable growth by raising its total assets in Bitcoin ETFs to $2.05 billion.
Reports revealed that Goldman Sachs' position in Bitcoin ETFs increased from $710 million to $1.57 billion in the third quarter, showing an impressive increase of 121.1%. The company's largest investment was in BlackRock's iShares Bitcoin Trust fund. Goldman Sachs increased its assets in IBIT by 88% compared to the previous period, taking a position worth $1.27 billion for 24.07 million shares.
Significant developments also occurred on the Ethereum front. The financial giant dramatically increased its Ethereum investments from $25.1 million to $476.5 million. A large portion of this increase was made through Fidelity's FETH and BlackRock's ETHA funds. The total Ethereum investment reached $470.2 million.
According to CoinGecko data, in the fourth quarter, the price of Bitcoin rose by 40.6% to reach $109,000, while Ethereum recorded a value increase of 26.2%. However, due to low institutional interest and technical challenges, Ethereum lost 13.8% of its value last month, hitting its lowest level in four years.
Another notable point in Goldman Sachs' investment strategy is its decision to terminate positions in smaller Bitcoin ETFs such as ARK 21Shares' ARKB and Bitwise's BITB. This move indicates the company's continued confidence in the two leading spot Bitcoin ETFs in the U.S.
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