Goldman Sachs Bitcoin ETF Holdings

Multinational financial services company Goldman Sachs holds U.S. spot bitcoin exchange-traded fund shares worth around $418.65 million as of June 30, according to its quarterly 13F filing with the Securities and Exchange Commission filed Tuesday.

Key Holdings

The investment bank’s largest spot bitcoin ETF holdings were:
– 6.9 million shares of BlackRock’s iShares Bitcoin Trust, worth $238.6 million.

According to Fintel data, Goldman Sachs is the third largest holder of the IBIT fund, behind Millennium Management and Capula Management Ltd.

Goldman Sachs also disclosed:
– 1.51 million shares of Fidelity’s FBTC, worth $79.5 million.
– 660,183 shares of Grayscale’s converted bitcoin fund, worth $35.1 million.

Its list of bitcoin ETF holdings includes $56.1 million worth of Invesco Galaxy bitcoin ETF and shares of three other funds from Bitwise, WisdomTree, and Ark-21Shares, Macroscope on X first noted.

Regulatory Framework

Institutional investment managers with over $100 million in equity assets under management must submit 13F filings quarterly with the SEC. 13F filings offer a quarterly snapshot of an investment manager’s long equity positions and options. However, the reports do not disclose short positions, limiting their utility as a comprehensive overview of portfolio strategy.

Other Notable Holdings

Capula, one of Europe’s largest hedge funds, revealed spot bitcoin ETF holdings of $464 million in its 13F filing filed earlier this month. Its two largest holdings were also BlackRock and Fidelity’s spot bitcoin funds.

Meanwhile, bitcoin’s value gained 3% in the past 24 hours to trade at around $60,959 at the time of writing, according to The Block’s bitcoin price page.