Goldman Sachs Expands Bitcoin Holdings and ETF Investments

According to PANews, Goldman Sachs has recently increased its Bitcoin holdings by $194 million, bringing its total position to $470 million. The financial institution has also significantly expanded its investments in Bitcoin exchange-traded funds (ETFs). In the fourth quarter of 2024, Goldman Sachs invested $1.5 billion in Bitcoin ETFs. The iShares Bitcoin Trust (IBIT) saw an 88% increase in holdings, reaching a total of $1.27 billion. Additionally, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced a 105% growth in holdings, amounting to $288 million.