The financial firm held about $1.3 billion of BlackRock’s Bitcoin ETF shares and $300 million of Fidelity’s. Exchange-traded funds let investors gain exposure to an asset with

The Ethereum price dropped 3% despite Goldman Sachs increasing its ETH ETF holdings by 2,000% as traders flock to this Bitcoin meme ICO.

In a recent 13F filing, Goldman Sachs disclosed increasing its Bitcoin holdings in the last quarter of 2024. The major growth of the BTC portion in the bank’s portfolio was immediately noticeable compared to the previous quarter.

U.S. spot Bitcoin ETFs hold $111.78 billion in BTC or 5.92% of its market cap. Goldman Sachs holds $1.27 billion in BlackRock’s BTC ETF and

Goldman Sachs has increased its holdings in spot Ethereum ETFs by 2,000%, while upping its exposure to Bitcoin ETFs to $1.5 billion.