Goldman Sachs Increases Bitcoin Holdings and Invests Heavily in ETFs

Goldman Sachs has announced significant expansion of its Bitcoin investment portfolio, according to PANews. The financial giant recently increased its holdings by $194 million, bringing the total value to $470 million. They have also significantly boosted their investments in Bitcoin exchange-traded funds (ETFs). In Q4 2024 alone, Goldman Sachs invested a substantial $1.5 billion into Bitcoin ETFs. Notably, iShares Bitcoin Trust (IBIT) holdings grew by a remarkable 88%, reaching a value of $1.27 billion. Fidelity Wise Origin Bitcoin Fund (FBTC) experienced a more significant increase with holdings growing by 105%, totaling $288 million.