Goldman Sachs, a multinational financial services firm, holds approximately $418.65 million worth of U.S. spot Bitcoin exchange-traded fund (ETF) shares, according to its quarterly report as of June 30. 13F Report It was filed with the Securities and Exchange Commission on Tuesday.
The largest spot Bitcoin ETF holding by an investment bank is BlackRock’s iShares Bitcoin Trust, which holds 6.9 million shares worth $238.6 million. Goldman Sachs is the third-largest holder of the IBIT fund, behind Millennium Management and Capula Management Ltd, according to Fintel data..
Goldman Sachs also disclosed 1.51 million shares of Fidelity’s FBTC stock, worth $79.5 million, and 660,183 shares of Grayscale’s convertible bitcoin fund, worth $35.1 million. The list of bitcoin ETF holdings also includes $56.1 million of the Invesco Galaxy Bitcoin ETF, as well as shares of three other funds: Bitwise, WisdomTree, and Ark-21Shares, Macroscope on X first reported.
Institutional investment managers with more than $100 million in equity assets under management are required to file 13F reports with the SEC on a quarterly basis. The 13F report provides a quarterly snapshot of the investment manager’s long equity positions and options. However, the report does not disclose short positions, which limits its usefulness as a comprehensive overview of portfolio strategy.
Capula, one of Europe’s largest hedge funds, disclosed $464 million in spot Bitcoin ETF holdings in a 13F filing earlier this month. Its two largest holdings were spot Bitcoin funds from BlackRock and Fidelity.
Meanwhile, Bitcoin’s value has risen 3% over the past 24 hours, trading at around $60,959 at the time of writing. Bitcoin price page on the block.
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.
© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
About the Author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.