Goldman Sachs reports $418 million in spot bitcoin ETF holdings as of June 30

Goldman Sachs reports $418 million in spot bitcoin ETF holdings as of June 30

Reported by The Block: The Wall Street giant owned nearly 7 million shares of BlackRock’s IBIT fund, which made the company the fund’s third largest holder.

Multinational financial services company Goldman Sachs holds U.S. spot bitcoin exchange-traded fund shares worth around $418.65 million as of June 30, according to its quarterly 13F filing with the Securities and Exchange Commission filed Tuesday.

The investment bank’s largest spot bitcoin ETF holdings were 6.9 million shares of BlackRock’s iShares Bitcoin Trust, worth $238.6 million. According to Fintel data, Goldman Sachs is the third largest holder of the IBIT fund, behind Millennium Management and Capula Management Ltd.

Goldman Sachs also disclosed 1.51 million shares of Fidelity’s FBTC, worth $79.5 million, and 660,183 shares of Grayscale’s converted bitcoin fund, worth $35.1 million. Its list of bitcoin ETF holdings includes $56.1 million worth of Invesco Galaxy bitcoin ETF and shares of three other funds from Bitwise, WisdomTree and Ark-21Shares, Macroscope on X first noted.

Institutional investment managers with over $100 million in equity assets under management must submit 13F filings quarterly with the SEC. 13F filings offer a quarterly snapshot of an investment manager's long equity positions and options. However, the reports do not disclose short positions, limiting their utility as a comprehensive overview of portfolio strategy.

Capula, one of Europe’s largest hedge funds, revealed spot bitcoin ETF holdings of $464 million in its 13F filing filed earlier this month. Its two largest holdings were also BlackRock and Fidelity’s spot bitcoin funds.

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