Goldman Sachs Increases Ethereum ETF Holdings by 2000%; Holds Over $1.5 Billion in Bitcoin ETFs

Goldman Sachs, one of the world's largest investment banks, has significantly increased its holdings in cryptocurrency spot exchange-traded funds (ETFs).

On the 12th, Cointelegraph, a cryptocurrency-focused media outlet, reported that Goldman Sachs' 13F filing with the Securities and Exchange Commission (SEC) revealed that the total amount of Ethereum (ETH) spot ETFs held by Goldman Sachs as of the fourth quarter increased by 2000% compared to the previous quarter, amounting to $476 million. Goldman Sachs has invested in ETF products such as BlackRock ETHA, Fidelity FETH, and Grayscale ETHE.

The holdings of Bitcoin (BTC) spot ETFs have also increased significantly. Goldman Sachs reportedly holds Bitcoin spot ETFs worth nearly $1.52 billion. The holdings include $1.28 billion in BlackRock IBIT and $288 million in Fidelity FBTC.

Cointelegraph evaluated this by stating, "It seems that Wall Street banks are significantly improving their accessibility to cryptocurrency products."