Goldman Sachs' $194 million BTC accumulation path revealed: 62% of the main players are investing in BlackRock's IBIT, with nearly 40% betting on Fidelity's FBTC to hedge against dollar risk
In the second quarter of 2025, Goldman Sachs added $194 million in Bitcoin allocation, with all funds coming from new demand from its wealth management clients. Approximately $120 million (62%) was injected into BlackRock's Bitcoin Spot ETF (IBIT), primarily considering its 0.12% lowest fee in the entire market and an average daily liquidity advantage of over $1.5 billion; an additional $74 million (38%) was allocated to Fidelity's FBTC, relying on the institution's mature digital asset custody system to diversify risk.
The core objective of this increase is clear: on one hand, to hedge against the volatility of the dollar exchange rate and to cope with the uncertainty of Federal Reserve policies; on the other hand, to strengthen Bitcoin's anti-inflation properties as "digital gold". This operation confirms that institutional investors are incorporating Bitcoin into traditional asset portfolios through mainstream ETF channels, building a new type of hedging system independent of U.S. Treasuries and gold. $BTC