Goldman Sachs, a global financial services business, disclosed a $418.65 million investment in US spot bitcoin exchange-traded fund shares as of June 30.
When the company filed its quarterly 13 F filing with the US Securities and Exchange Commission on Tuesday, the position became clear.
BlackRock’s iShares Bitcoin Trust (IBIT) fund is owned by major Wall Street players, who have roughly 7 million shares, making them the fund’s third largest investor.
In addition to holding shares in Blackrock IBIT, the investment bank also has holdings in other Bitcoin exchange-traded funds.
With a net worth of $238.6 million, Goldman Sachs holds 6.9 million shares of Blackrock’s IBIT. Additionally, it possesses 660,183 shares of Grayscale’s converted bitcoin fund, valued at $35.1 million, and 1.51 million shares of Fidelity’s FBTC, valued at $79.5 million.
The list isn’t complete yet because shares of three additional Bitcoin ETFs—WisdomTree, Ark21, and Bitwise—as well as $56.1 million in Invesco Galaxy Bitcoin ETF are held by Goldman Sachs.
A summary of Goldman Sachs’ Bitcoin ETF shares was posted on X by Macroscope, a respected source on institutional trading, asset management, and monetary policy.
“After the market closed today, Goldman Sachs filed a 13F disclosing the following positions as of June 30:
$238.6 million iShares Bitcoin Trust (6,991,248 shares)
$79.5 million Fidelity Bitcoin ETF (1,516,302 shares)
$35.1 million Grayscale BTC (660,183 shares)
$56.1 million Invesco Galaxy Bitcoin (940,443 shares)
$8.3 million Bitwise Bitcoin ETF (253,961 shares)
$749,469 WisdomTree Bitcoin (11,773 shares)
$299,900 ARK 21Shares Bitcoin ETF (5,000 shares)
These are all new positions as of this quarter.” Macroscope posted on X (formerly Twitter).
Institutional investment managers who oversee equity assets valued at more than $100 million are mandated by the US SEC to file 13 F filings quarterly with the agency.
One of the biggest hedge funds in Europe, Capula, disclosed $464 million in spot Bitcoin ETF holdings when it filed its 13 F filing earlier this month.
The two largest spot Bitcoin ETF shares in Capula were Fidelity’s FBTC and Blackrock’s IBIT.
What to note
A 13F filing is a quarterly report that institutional investment managers (IIMs) with assets over $100 million submit to the US Securities and Exchange Commission (SEC).
Congress established the Securities Exchange Act of 1934 in 1975 intending to increase public access to information on IIM securities holdings. Section 13(f) of that act requires the form. Increasing investor trust in the integrity of the US securities markets was the aim.
A summary of an investment manager’s long-term equity positions and options is provided by 13F filings quarterly. Nevertheless, the reports do not reveal short positions, which reduces the likelihood of utilizing this document as a thorough review approach.
