US investment giant Goldman Sachs announced that it owns 30.8 million shares in BlackRock’s spot Bitcoin ETF IBIT, according to its latest 13F filing as of March 31.
The total value of these shares is around $1.4 billion. The company also has a $250 million position in Fidelity’s spot Bitcoin ETF FBTC, with 3.47 million shares.
Goldman Sachs’ IBIT position increased by 6.8 million compared to the previous report in December 2023. There was no significant change in the FBTC position. This increase occurred in January, February or March, when Bitcoin experienced a price decline.
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According to the latest 13F data, Goldman Sachs has become the largest shareholder of IBIT.
On the other hand, it was seen that the $157 million IBIT call (call option), $527 million IBIT put (put option) and $84 million FBTC put positions included in the December 2023 notice were not included in the new notice. This suggests that Goldman Sachs is moving towards a more direct spot ETF investment strategy.
David Solomon, the company’s CEO, said about BTC, “Bitcoin is a speculative asset, an interesting speculative asset. I don’t think there’s much to ask about it though.”
*This is not investment advice.
