Goldman Sachs Reveals $418 Million in Bitcoin ETF Holdings Amid Rising Institutional Interest

New filings show that Goldman Sachs, a major player in financial services, is holding a hefty amount of Bitcoin (BTC) exchange-traded fund (ETF) shares.

According to recent Form 13F reports submitted to the U.S. Securities and Exchange Commission (SEC), Goldman Sachs has $418 million invested in BTC ETF shares.

But they're not alone. Other big-name investors have also shared their BTC ETF holdings. For instance, BlackRock, which manages over $10 trillion in assets, holds around $240 million in BTC ETF shares. On the other hand, ARK Invest, led by Cathie Wood, has a much smaller stake of just $0.3 million. Grayscale, known for its crypto asset management, holds $35.15 million.

Other notable holdings include Invesco with $56.19 million, Fidelity at $79.55 million, and Bitwise with $8.3 million.

Back in March, reports indicated that Goldman Sachs’ clients began exploring crypto derivatives after the launch of BTC ETFs in January. Max Minton, who heads digital assets in Asia for Goldman Sachs, mentioned to Bloomberg that the launch sparked renewed interest in crypto among their clients.

He said, “The recent ETF approval has triggered a resurgence of interest and activities from our clients. Many of our largest clients are active or exploring getting active in the space. Last year was quieter, but we’ve seen a pickup in interest since the start of this year.”