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Bitcoin Confidence Grows: Goldman Sachs Ups Stake 28% To $1.4 Billion

  • As of March 31, 2025, Goldman Sachs expanded its holdings in BlackRock’s iShares Bitcoin Trust to over thirty million shares, with the investment valued at more than $1.4 billion.
  • This increase by 28% from a previous 24 million shares reflects Goldman Sachs' growing confidence amid IBIT's strong market position since its January 2025 launch.
  • IBIT leads Bitcoin ETFs with roughly $62.8 billion in assets under management, having drawn net inflows exceeding $44 billion since its January launch, including approximately $674 million added in the most recent week.
  • Goldman Sachs removed Bitcoin options from recent filings, signaling a shift toward direct ETF holdings and reinforcing confidence in spot Bitcoin ETF performance.
  • Goldman Sachs' increased IBIT investment highlights institutional preference for regulated Bitcoin ETFs and suggests expectations of long-term growth in the crypto market.
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https://www.cryptela.com broke the news in on Friday, May 9, 2025.
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