{"id":89709,"date":"2024-08-14T03:24:39","date_gmt":"2024-08-14T07:24:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=89709"},"modified":"2024-08-14T03:24:48","modified_gmt":"2024-08-14T07:24:48","slug":"goldman-sachs-q2-investments-in-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/goldman-sachs-q2-investments-in-bitcoin-etfs\/","title":{"rendered":"Goldman Sachs Reveals Major Q2 Investments in Bitcoin ETFs"},"content":{"rendered":"\n

Goldman Sachs' Q2 13F filing reveals significant exposure to seven different Bitcoin ETFs<\/a> in the US market.<\/p>\n\n\n\n

\"Goldman
Goldman Sachs Reveals Major Q2 Investments in Bitcoin ETFs<\/figcaption><\/figure>\n\n\n\n

During the second quarter of Q2, Goldman Sachs, a banking colossus, submitted the 13F filing, which disclosed its portfolio positions. The banking behemoth is exposed to seven distinct Bitcoin ETFs that are available in the US market, as indicated by the SEC filing.<\/p>\n\n\n\n

Exposure to Bitcoin ETFs and Goldman Sachs<\/h2>\n\n\n\n

Goldman Sachs is currently holding nearly 7 million shares of BlackRock's iShares Bitcoin Trust (IBIT) at a value of $238 million, as indicated by the disclosure.<\/p>\n\n\n\n

In the same vein, it maintains 1.5 million shares of Fidelity ETF FBTC, which are valued at nearly $80 million. The following is a comprehensive disclosure of Goldman Sachs' investments in various funds.<\/p>\n\n\n\n

\n

After the market closed today, Goldman Sachs filed a 13F disclosing the following positions as of June 30:

$238.6 million iShares Bitcoin Trust (6,991,248 shares)
$79.5 million Fidelity Bitcoin ETF (1,516,302 shares)
$35.1 million Grayscale BTC (660,183 shares)
$56.1 million\u2026<\/p>— MacroScope (@MacroScope17) August 13, 2024\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote>

The 13F filings specifically emphasize the manner in which major market participants are trading their BTC ETFs. In the future, an increasing number of companies will submit their filings and disclose their ETF investments during Q2.

Recently, there has been an increase in the institutional exposure to spot BTC ETFs, with over 500 institutional investors allocating funds to these Bitcoin products. BlackRock<\/a>‘s IBIT has achieved the third-largest Bitcoin holder status within the first six months of its debut, with daily trading volumes of $4.2 million.

The spot BTC ETFs have experienced a resurgence in inflows this week. The total inflows have been $39 million, with BlackRock's IBIT Bitcoin ETF experiencing $34.6 million in inflows, Fidelity's FBTC experiencing $22.6 million in inflows, Bitwise's BITB experiencing $16.5 million in inflows, and Grayscale's GBTC experiencing $28.6 million in outflows on Tuesday, August 13.<\/p>\n\n\n\n

\n

iShares Bitcoin ETF has taken in approx $20.5bil this yr\u2026

Out of *all* 375 new ETF launches in 2024, next closest non-spot btc ETF = $1.3bil.

Numbers are comical at this point.

Spot btc ETFs (IBIT, FBTC, ARKB, BITB) = top 4 launches of 2024.

Global X Russell 2000 ETF = 5th.<\/p>— Nate Geraci (@NateGeraci) August 14, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The inflows into spot Ethereum ETFs have also resumed, with BlackRock's ETHA leading the way.<\/p>\n\n\n\n

Bitcoin Momentum is Increasing.<\/h2>\n\n\n\n

In the past 24 hours, the Bitcoin price<\/use><\/svg><\/span><\/a> has experienced an additional 3% increase, surpassing $61,000. This rally appears to be a component of the significant short covering in the market, as it occurs prior to the scheduled release of the US CPI inflation data this week. <\/p>\n\n\n\n

Additionally, the Wall Street indices demonstrated resilience on Tuesday, with the top three indices registering gains ranging from 1-2%. It will be intriguing to observe whether this rally continues in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs’ Q2 13F filing reveals significant exposure to seven different Bitcoin ETFs in the US market. During the second quarter of Q2, Goldman Sachs, a banking colossus, submitted the 13F filing, which disclosed its portfolio positions. The banking behemoth is exposed to seven distinct Bitcoin ETFs that are available in the US market, as […]<\/p>\n","protected":false},"author":36,"featured_media":89715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1742,538,21285],"class_list":["post-89709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etfs","tag-goldman-sachs","tag-q2-investments"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/goldman-bitcoin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=89709"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/89715"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=89709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=89709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=89709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}