Goldman Sachs Expands Crypto ETF Holdings to Over $2 Billion

The investment bank significantly increased its Bitcoin and Ethereum ETF positions in Q4 2024, reflecting growing institutional interest in digital assets.

Goldman Sachs increased its Bitcoin ETF holdings by 88%, investing $1.27 billion in BlackRock’s iShares Bitcoin Trust and $288 million in Fidelity’s Wise Origin Bitcoin Fund.
The bank’s total crypto ETF holdings rose 50% from the previous quarter, reaching approximately $2.05 billion, including $476.5 million in Ethereum ETFs.
Goldman also engaged heavily in options trading, with $700 million in Bitcoin ETF options, balancing bullish and hedging strategies to manage market volatility.
While expanding its positions in major ETFs, Goldman reduced or exited smaller Bitcoin ETF stakes, including ARK 21Shares and Grayscale’s Bitcoin Trust.
The surge in institutional interest follows the U.S. launch of spot Bitcoin ETFs in early 2024, with over $40 billion invested in these products to date.