Goldman discloses $1.1B Bitcoin ETF exposure

Goldman Sachs has disclosed a $1.1 billion position in Bitcoin exchange-traded funds, lifting its total crypto-related exposure to about $2.36 billion, according to regulatory filings.

The holdings mark a notable shift for the Wall Street bank, with Bitcoin accounting for the largest share of its disclosed digital asset exposure.

Filings show the $1.1 billion position is primarily held in BlackRock’s iShares Bitcoin Trust, alongside smaller stakes in Fidelity’s Wise Origin Bitcoin Fund and other bitcoin-linked equities and derivatives.

The disclosures also revealed modest exposure to bitcoin miners and cloud-based firms, as well as options positions tied to Bitcoin ETFs.

Goldman’s involvement with Bitcoin dates back more than five years, including its first BTC-backed loan and non-deliverable Bitcoin options trade executed in 2022.

The bank had long taken a cautious public stance on crypto, but that approach shifted in 2024 when filings showed a rapid build-up of Bitcoin ETF holdings, making it one of the largest institutional holders.

The expanded exposure comes as Bitcoin struggles to hold above $70,000, with recent volatility underscoring the risks institutions face despite growing acceptance of the asset class.

At the time of reporting, Bitcoin price was $68,628.70.