Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Goldman Sachs reported $418 million in Bitcoin ETFs.</li> 
 <li>The firm filed a 13F with the US SEC, disclosing its positions as of June 30.</li> 
</ul> 
<p>Goldman Sachs just disclosed fund shares in US Bitcoin ETFs worth approximately $418.65 million as of June 30.</p> 
<p>The multinational financial services company filed a 13F with the US Securities and Exchange Commission on August 13.</p> 
<h2 id="goldman-sachs-positions-in-us-bitcoin-etfs">Goldman Sachs’ Positions in US Bitcoin ETFs</h2> 
<p>After the market closing, Goldman Sachs revealed the following positions in Bitcoin ETFs in the US as of June 30 via their <a href="https://www.sec.gov/edgar/search/#/q=Bitcoin&amp;dateRange=custom&amp;entityName=Goldman&amp;startdt=2024-08-13&amp;enddt=2024-08-13" rel="nofollow noopener" target="_blank">13F filing</a> with the SEC:</p> 
<ul> 
 <li>$238.6 million in BlackRock’s Bitcoin ETF, iShares Bitcoin Trust, IBIT (6,991,248 shares)</li> 
 <li>$79.5 million in Fidelity’s Bitcoin ETF, FBTC (1,516,302 shares)</li> 
 <li>$35.1 million in Grayscale’s Bitcoin ETF, BTC (660,183 shares)</li> 
 <li>$56.1 million in Invesco Galaxy’s Bitcoin ETF, BTCO (940,443 shares)</li> 
 <li>$8.3 million Bitwise’s Bitcoin ETF, BITB (253,961 shares)</li> 
 <li>$749,469 WisdomTree’s Bitcoin ETF, BTCW (11,773 shares)</li> 
 <li>$299,900 ARK 21Shares’s Bitcoin ETF, ARKB (5,000 shares)</li> 
</ul> 
<p>In a <a href="https://x.com/macroscope17/status/1823496975636893937?s=61" rel="nofollow" target="_blank">post</a> on X on August 14, MacroScope revealed Godlman Sachs’ positions in the US-based crypto products, highlighting that these are all new positions as of this quarter.</p> 
<p>Institutional investment managers with more than $100 million in equity assets under management must submit 13F filings on a quarterly basis with the US SEC.</p> 
<p>13F filings provide a quarterly snapshot of an investment manager’s long equity positions and options, but the reports don’t disclose their short positions. This limits their utility as a complex overview of portfolio strategy.</p> 
<p>This disclosure is relevant as large institutions such as Goldman Sachs traditionally have a significant influence on market sentiment and trends.</p> 
<p>Speaking of large financial entities with holdings in Bitcoin ETFs, we recently reported that Europe’s 4th largest hedge fund Capula Management also reported important investments in BlackRock’s and Fidelity’s Bitcoin ETFs at the beginning of this month.</p> 
<p>According to official reports, the London-based hedge fund <a href="https://crypto.ro/en/news/europes-4th-largest-hedge-fund-reports-500m-in-bitcoin-etfs/">has invested</a> around $500 million in these Bitcoin ETFs. Capula Management is mostly popular for its expertise in fixed-income and macroeconomic strategies.</p>

Goldman Sachs Discloses $418M in Bitcoin ETFs

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