Goldman Sachs Increases Bitcoin ETF Stake Over $1.5 Billion In Q4, Reports A Massive 1793% Jump In Ethereum ETF Holdings

Investment banking giant Goldman Sachs (NYSE:GS) loaded up more shares of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds in the fourth quarter of 2024, according to its latest 13F filing with the SEC. 

What happened: The Wall Street giant reported a significant stake in Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), with 3.53 million shares valued at $288.01 million. Goldman Sachs bought an additional 1.8 million shares of FBTC in the fourth quarter ending Dec. 31.

Additionally, it increased its exposure to the iShares Bitcoin Trust ETF (NASDAQ:IBIT) to $1.27 billion after scooping up an additional 11.30 million shares of the world's largest Bitcoin fund.

Interestingly, the bank sold its entire stake in the ARK 21Shares Bitcoin ETF (BATS:ARKB) and reduced exposure to the Grayscale Bitcoin ETF (NYSE:GBTC).

Its total Bitcoin ETF holdings rose to $1.56 billion, up from $710 million reported in the third quarter.

See Also: Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap

The banking behemoth also added to its Ethereum spot ETF positions. 

It added exposure to the iShares Ethereum Trust ETF (NASDAQ:ETHA) for the first time, buying 9.31 million shares worth $235.5 million. It reported an increased stake worth $234.69 million in Fidelity Ethereum Fund (BATS:FETH).

Goldman Sachs' total Ethereum ETF exposure reached $476.5 million at the end of the fourth quarter, a massive increase from a little over $25 million in the previous quarter.

Price Action: Shares of Goldman Sachs closed 0.51% lower at $647.24 during Tuesday's regular trading session, according to data from Benzinga Pro. Year-to-date, the stock has gained 13.03%.

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