Goldman Sachs Doubles Down on IBIT Investment, Tops Institutional Holdings

Goldman Sachs has significantly expanded its investment in the Invesco Bitcoin Trust (IBIT), boosting its stake to an impressive $1.4 billion. This increase marks a notable shift for the firm, which previously held over $1.5 billion in U.S. spot Bitcoin ETF holdings in February. Notably, Goldman’s position within Fidelity’s Bitcoin Fund (FBTC) has remained stable. ]