{"id":142338,"date":"2024-11-15T16:30:21","date_gmt":"2024-11-15T14:30:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142338"},"modified":"2024-11-15T15:44:30","modified_gmt":"2024-11-15T13:44:30","slug":"goldman-sachs-boosts-bitcoin-etf-holdings-amid-bullish-market-outlook","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/goldman-sachs-boosts-bitcoin-etf-holdings-amid-bullish-market-outlook\/","title":{"rendered":"Goldman Sachs Boosts Bitcoin ETF Holdings Amid Bullish Market Outlook"},"content":{"rendered":"
The financial institution now holds<\/a> <\/strong>over $710 million in Bitcoin<\/a><\/strong>-related ETFs, marking a substantial expansion in its digital asset exposure. Among its investments, Goldman Sachs has increased its stake in IBIT by 83%, bringing its total to $461 million. Other holdings include $95.5 million in FBTC (a 13% increase), $71.8 million in GBTC (up 116%), $22.5 million in BITB (a 156% rise), and $59.7 million in BTCO, which has remained stable since the last filing.<\/p>\n This surge in Bitcoin ETF investments from Goldman Sachs aligns with the broader trend of institutional interest in cryptocurrency, especially after the approval of 11 spot Bitcoin ETFs earlier this year. The approval allowed institutions to gain exposure to Bitcoin without directly holding the asset, which has coincided with the cryptocurrency\u2019s bullish performance.<\/p>\n Bitcoin recently achieved a peak price of $93,477.11 in November 2024, following the speculation surrounding a potential rally if Donald Trump were to win the U.S. presidential election, though it has since seen a slight pullback.<\/p>\n