Wall Street Giant Goldman Sachs Bets Bigger on Bitcoin ETFs
Goldman Sachs significantly increased its Bitcoin ETF holdings in Q4 2024, raising its stake in the Ishares Bitcoin Trust ETF (IBIT) by 88% to $1.27 billion and boosting its investment in the Fidelity Wise Origin Bitcoin Fund (FBTC) by 105%, now totaling $288 million.
The firm also adjusted its crypto portfolio, reducing smaller positions, while reporting notable options activity, including $157 million in IBIT call options and large put options on IBIT and FBTC. This move reflects growing institutional adoption of digital assets, bolstered by favorable regulatory shifts under the Trump administration.
Clever Robot News Desk 17th February 2025
