Basri Caneri 
Goldman Sachs, one of the world’s largest investment banks , has greatly increased its investments in Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs).
According to a 13F report filed with the US Securities and Exchange Commission (SEC), the bank invested a total of $1.56 billion in Bitcoin ETFs in the fourth quarter of 2024. This figure doubles the $710 million reported in the previous quarter.
- BlackRock IBIT: 1.2 billion dollars
- Fidelity FBTC: 288 million dollars
- Grayscale GBTC: 3.6 million dollars
In addition, option positions worth $760 million were also opened. These include a $527.5 million IBIT put option and an $84 million FBTC put option.
Ethereum ETFs Up 19x
Goldman Sachs has shown great interest not only in Bitcoin ETFs but also in Ethereum ETFs.
- In the fourth quarter, Ethereum ETF investment reached $476.5 million.
- In the previous quarter, the figure was just $25.1 million, a nearly 19-fold increase.
- Fidelity FETH: $234.7 million
- BlackRock ETHA: 235.5 million dollars
- Grayscale ETH mini trust: $6.3 million
However, Ethereum investments account for 30% of total crypto investments, meaning interest in Bitcoin ETFs is still dominant.
Wall Street’s Growing Interest in Crypto
Goldman Sachs’ rapid increase in its investments in crypto ETFs shows the growing interest of institutional investors on Wall Street in crypto assets.
Bitcoin and Ethereum ETFs are gaining popularity as they allow institutional investors to enter the market without holding crypto assets directly. In particular, ETF products from giant financial institutions such as BlackRock and Fidelity are increasing investment flows in this area.
These developments reveal that institutional acceptance in the crypto market is increasing and ETF products are becoming increasingly attractive to investors.
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