The investment bank says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F.
The investment bank in its quarterly 13-F report disclosed that it holds positions in seven out of the 11 BTC ETFs in the U.S.
Its largest holding is the iShares Bitcoin Trust at $238.6 million, followed by Fidelity's Bitcoin ETF at $79.5 million, then $56.1 million of Invesco Galaxy's BTC ETF , and $35.1 million in Grayscale's GBTC. It also holds smaller positions in BITB, BTCW, and ARKB. BTC ETF flows continued in the green during the U.S. Tuesday trading day with $4.39 million in daily inflow recorded,"The bitcoin ETF obviously has been an astonishing success," McDermott said on stage. Goldman Sachs' digital asset desk is primarily focused on the digitization of assets.
"Institutions like ours actually see the potential in how it can transform where parts of the financial system can operate in a much more efficient way," he also said during Consensus.“We do not think it is an investment asset class,” Sharmin Mossavar-Rahmani, chief investment officer of the bank's Wealth Management unit,in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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