Goldman Sachs Expands Bitcoin Assets and ETF Investments

According to PANews, Goldman Sachs recently increased its Bitcoin assets by $194 million, bringing its total position to $470 million. The financial institution has also significantly expanded its investments in Bitcoin exchange-traded funds (ETFs).

In the fourth quarter of 2024, Goldman Sachs invested $1.5 billion in Bitcoin ETFs. The iShares Bitcoin Trust (IBIT) increased its assets by 88%, reaching a total of $1.27 billion. Additionally, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced a 105% growth in assets, reaching $288 million.