FameEX Hot Topics | Goldman Sachs Expands Ethereum ETF Holdings by 2,000%, Bitcoin ETFs Reach $1.5B

Goldman Sachs made a major push into cryptocurrencies in the fourth quarter of 2024, significantly increasing its holdings in both Ethereum and Bitcoin exchange-traded funds (ETFs). The investment bank raised its spot Ethereum ETF position by an astounding 2,000%, bringing the total to $476 million, up from just $22 million. This move illustrates Goldman Sachs' growing confidence in Ethereum and highlights the bank's commitment to expanding its cryptocurrency investments.

Alongside its massive increase in Ethereum exposure, Goldman Sachs also made notable strides with its Bitcoin ETF holdings. The bank doubled its Bitcoin ETF position to $1.5 billion, continuing to solidify its presence in the digital asset space. These adjustments come at a time when institutional interest in cryptocurrencies is intensifying, and many financial giants are beginning to view digital assets as a crucial part of their investment portfolios.

Goldman Sachs’ decision to substantially boost its Ethereum and Bitcoin ETF positions is seen as a response to the increasing institutional demand for cryptocurrency products. With cryptocurrencies like Ethereum and Bitcoin gaining recognition as viable assets for long-term investment, Wall Street firms are rapidly adjusting their strategies to capitalize on this growing trend.

According to a 13F filing submitted to the U.S. Securities and Exchange Commission on February 11, the scale of Goldman Sachs’ investment in these digital assets underscores the firm's commitment to remaining at the forefront of the evolving financial landscape. The filing revealed that the bank’s total exposure to Ethereum ETFs now stands at $476 million, while its Bitcoin ETF holdings have more than doubled to $1.5 billion.

This aggressive expansion by Goldman Sachs into cryptocurrency ETFs reflects a larger shift in the financial industry, where institutions are increasingly viewing digital assets as an essential component of their portfolios, rather than a speculative niche.

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