Goldman Sachs significantly increased its investments in bitcoin exchange-traded funds (ETFs) during the fourth quarter, SEC filings show.
The firm increased its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) by 88% and Franklin Bitcoin Trust (FBTC) by 105% compared to its previous filing.
In November, Goldman disclosed holdings of more than $460 million in IBIT, reflecting a significant shift from its previous conservative stance on cryptocurrencies.
The 13F filing reveals that the bank has adopted a diversified approach to exposure to digital assets, combining direct ownership of ETFs with derivatives trading through call and put options.
The changes come amid growing interest from financial institutions in crypto assets, with Goldman’s moves reflecting a broader trend toward investing in bitcoin.
Last July, the company announced plans to launch three tokenized funds targeting the US and European markets, with the aim of integrating blockchain technology into its operations. In November, the company also launched a new project to improve trading and financial settlement operations via blockchain technology with the support of tokenized funds.
