More Aggressive, Goldman Sachs Adds Bitcoin ETF Investment, Porto Value Reaches USD 650 Million

JAKARTA - Goldman Sachs, the largest investment firm in the US continues to increase its investment in crypto-based exchange-trained funds (ETF) based on a recent report from the US Securities and Exchange Commission (SEC). This latest investment shows a spike in ownership in various Bitcoin ETFs and is considered an aggressive diversification strategy.

Currently, Goldman Sachs owns 12.7 million shares of the BlackRock iShares Bitcoin Trust (IBIT), with a value of 461 million US dollars. This amount reflects an 83% increase from the previous position of 6.9 million shares. With this effort, Goldman Sachs became the second largest shareholder in IBIT after the Millennium Management which owns 844 million US dollars, and above the Capula Management with 253 million US dollars.

In addition to IBIT, Goldman is also expanding its holdings in other Bitcoin ETFs, including the Fidelity Wise Origin Bitcoin ETF (FBTC). This investment bank now owns more than US$95.5 million worth of FBTC shares, up 13% from the previous report.

Diversified In Other Bitcoin ETFs

Goldman Sachs continues to add crypto assets by increasing ownership in the Grayscale Bitcoin Trust (GBTC) by 116%, to 1.4 million shares worth 71.8 million US dollars. Investment in Bitcoin Bitwise (BITB) ETF is even more significant, with an increase of 156% to 650,961 shares worth 22.5 million US dollars.

Goldman Sachs diversifies by taking positions in several ETF providers, including Invesco/Galaxy, WisdomTree, and Ark/21Shares. Although the investment value in the ETF has not been disclosed, these efforts show Goldman's confidence in the Bitcoin ETF market potential.