JAKARTA - Goldman Sachs, an international banking giant, has revealed a large investment in a number of exchange-traded funds (ETF) related to Bitcoin, demonstrating its serious commitment in the world of digital assets. This was revealed by Goldman Sachs through a recent 13F report for the quarter ending on June 30, which was released after market closing on Tuesday.
The report reveals that Goldman Sachs now has significant holdings in BlackRock's iShares Bitcoin Trust, with a value of US$238.6 million (around Rp3.8 trillion) for 6,991,248 shares. The move shows a significant change in the bank's attitude towards digital assets, from initial skepticism towards more measurable acceptance and integration in mainstream financial products.
In addition to iShares Bitcoin Trust, Goldman Sachs also reported ownership in other Bitcoin ETFs, including US$79.5 million (around Rp1.27 trillion) in Fidelity Bitcoin ETF, US$35.1 million (around Rp561.6 billion) in Grayscale Bitcoin Trust, and US$56.1 million (around Rp897.6 billion) in Invesco Galaxy Bitcoin ETF.
Smaller ownership was also disclosed in Bitcoin ETF's Bitcoin of US$8.3 million (around Rp132.8 billion), WisdomTree Bitcoin ETF of US$749,469 (around Rp11.9 billion), and ARK 21Shares Bitcoin ETF of US$299,900 (around Rp4.8 billion).
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The institutional adoption of Bitcoin ETF has seen a significant spike in 2024. According to Nate Geraci, President of the ETF Store, iShares Bitcoin ETF has attracted a cumulative net inflow of around US$20.5 billion (around Rp328 trillion) this year, far beyond other non-spot Bitcoin ETFs which only reached US$1.3 billion (around Rp20.8 trillion).
Of the 375 new ETFs launched this year, iShares Bitcoin ETF with Fidelity Bitcoin ETF, ARK 21Shares Bitcoin ETF, and Bitwise Bitcoin ETF dominate the top ETF launch.
Interestingly, the recently launched Bitcoin ETF has the potential to surpass Satoshi Nakamoto's Bitcoin holdings, the mysterious founder of the cryptocurrency, Decrypt reported. This Goldman Sachs move shows that the integration of digital assets in an institutional investment portfolio is not just a trend, but part of a significant evolution in the financial world.
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