Goldman Sachs Takes $1.4 Billion Stake in IBIT, Leading Institutional Rush into BTC ETFs
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Goldman Sachs Takes $1.4 Billion Stake in IBIT, Leading Institutional Rush into BTC ETFs
This Wall Street giant currently holds 30.8 million shares of BlackRock's iShares BTC Trust (IBIT), the largest spot BTC ETF by size.
Navigating Web3 tides with focused insightsAuthor: zycrypto
Translation: Blockchain Knight
According to its latest 13F filing with the SEC, Goldman Sachs Group has significantly increased its holdings in BTC ETFs, reflecting growing institutional demand for BTC amid shifting macroeconomic conditions.
Less than three months ago, Goldman Sachs mentioned crypto assets for the first time in its annual letter to shareholders.
Goldman Sachs Bets $1.4 Billion on BTC via IBIT
The Wall Street giant currently holds 30.8 million shares of BlackRock's iShares BTC Trust (IBIT), the largest spot BTC ETF by market value, exceeding $1.4 billion.
This represents a 28% increase since the beginning of Q1 2025, making Goldman Sachs the largest institutional holder of IBIT. By surpassing other major investors such as Brevan Howard and Jane Street, Goldman has taken a leading position in institutional crypto asset investment.
The move coincides with IBIT recording net inflows over the past 20 trading sessions—the longest streak of consecutive inflows in the 2025 spot BTC ETF market. Data from SoSoValue shows the fund attracted approximately $5 billion during this period, outperforming other BTC ETFs in the market.
Mounting Confidence in BTC
Earlier this month, Bloomberg senior ETF analyst Eric Balchunas posted on X, highlighting a notable divergence between IBIT and other ETFs.
"An interesting phenomenon is that $IBIT is seeing far more inflows than other ETFs (even though 10 others are also seeing inflows). Typically, flows across ETFs would be more balanced. Why is this happening? My guess is the return of high-frequency trading basis arbitrage strategies, along with some large players entering after BTC decoupled from assets like gold and subsequently rebounded."
Goldman Sachs also holds 3.5 million shares of Fidelity’s Wise Origin BTC ETF (FBTC), the second-largest spot BTC ETF by AUM, valued at approximately $314 million, a position disclosed in February this year.
The world's seventh-largest investment bank significantly increasing its BTC ETF exposure comes amid a surge in BTC prices, with the flagship crypto asset recently reclaiming the $100,000 mark. At the time of writing, BTC was trading at $104,310, just 4% below its all-time high of $108,786 set on January 20.
Goldman Sachs’ recent purchase of BTC ETFs underscores increasingly favorable regulatory conditions under President Trump’s administration, accelerating Wall Street institutions' entry into the crypto asset market.
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