Goldman Sachs Boosts IBIT Stake to $1.4 Billion
The post Goldman Sachs Boosts IBIT Stake to $1.4 Billion appeared on BitcoinEthereumNews.com. Bitcoin Goldman Sachs has significantly increased its position in BlackRock’s iShares Bitcoin Trust (IBIT), growing its holdings by 28% to over 30.8 million shares, valued at more than $1.4 billion as of March 31, according to a recent SEC filing. Back in February, Goldman disclosed over $1.5 billion in U.S. spot Bitcoin ETF holdings. That included approximately $1.2 billion in IBIT and $288 million in Fidelity’s Bitcoin Fund (FBTC). The latest filing shows no major changes in its FBTC position. According to the latest data from Fintel, Goldman Sachs is now the largest institutional holder of IBIT. Brevan Howard holds the second-largest stake, with over 25 million shares worth nearly $1.4 billion. Other notable institutional investors in IBIT include Jane Street, Symmetry Investments, and D.E. Shaw & Co., reflecting continued institutional interest in Bitcoin ETFs. Source Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/goldman-sachs-boosts-ibit-stake-to-1-4-billion/
The post Goldman Sachs Boosts IBIT Stake to $1.4 Billion appeared on BitcoinEthereumNews.com.
Bitcoin Goldman Sachs has significantly increased its position in BlackRock’s iShares Bitcoin Trust (IBIT), growing its holdings by 28% to over 30.8 million shares, valued at more than $1.4 billion as of March 31, according to a recent SEC filing. Back in February, Goldman disclosed over $1.5 billion in U.S. spot Bitcoin ETF holdings. That included approximately $1.2 billion in IBIT and $288 million in Fidelity’s Bitcoin Fund (FBTC). The latest filing shows no major changes in its FBTC position. According to the latest data from Fintel, Goldman Sachs is now the largest institutional holder of IBIT. Brevan Howard holds the second-largest stake, with over 25 million shares worth nearly $1.4 billion. Other notable institutional investors in IBIT include Jane Street, Symmetry Investments, and D.E. Shaw & Co., reflecting continued institutional interest in Bitcoin ETFs. Source Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/goldman-sachs-boosts-ibit-stake-to-1-4-billion/
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