In its most recent 13-F report, Goldman Sachs disclosed that it holds positions in seven out of the eleven available bitcoin exchange-traded funds in the United States.
The largest holding, valued at $238.6 million, is in the iShares Bitcoin Trust (IBIT) followed by Fidelity’s Bitcoin ETF (FBTC) at $79.5 million, Invesco Galaxy’s BTC ETF (BTCO) at $56.1 million, and Grayscale’s BTC trust (GBTC) at $35.1 million.
Smaller positions were also reported in BITB, BTCW, and ARKB. BTC ETFs had positive inflows during Tuesday’s US trading day, with $4.39 million in daily inflow according to SoSoValue.
At the 2024 Consensus festival in Austin, Mathew McDermott, the global head of digital assets at Goldman Sachs, stated that the introduction of BTC ETFs was a significant moment for the industry.
