Goldman Sachs significantly increases its stake in Bitcoin ETF, institutional enthusiasm surges! 🚀

Goldman Sachs recently raised its holdings in Bitcoin ETF to $1.57 billion, a 121% increase, holding 24.07 million shares of IBIT stock, showing strong institutional interest in cryptocurrencies. According to the latest 13F filings, this is a staggering increase from last quarter's $710 million.

Additionally, Goldman Sachs increased its stake in Fidelity's Wise Origin Bitcoin ETF by $288 million, a 105% increase. It also participated in options trading, with a total position amounting to $760 million, including $527 million in put options held through IBIT.

On the Ethereum side, Goldman Sachs' holdings surged from $25.1 million to $476.5 million, nearly a 19-fold increase.

The total market value of Bitcoin ETF is currently $114.55 billion, while the Bitcoin trading price is nearing $100,000. Goldman Sachs CEO David Solomon stated that if regulatory policies are relaxed, banks will actively enter the cryptocurrency market.