Goldman Sachs revealed an extensive growth in Bitcoin exposure that exceeded $1.56 billion at the end of Q4 2024. Goldman Sachs currently holds Bitcoin worth $1.56 billion which exceeds the $710 million they held in the previous quarter by more than double. The main source of exposure exists in major ETF providers where BlackRock’s IBIT represents $1.2 billion of this total amount.
Strategic Options Positions
Through spot ETFs Goldman Sachs holds substantial options trading positions which have reached a value of $760 million. The company maintains large put options worth $84 million in FBTC and $527.5 million in IBIT and $157.3 million in IBIT call options.
Ethereum Investment Surge
Ethereum investments at the company surged by 1900% during the period as they expanded from an initial worth of $25.1 million to reach $476.5 million. The investment consists of nearly equal proportions between FETH from Fidelity and ETHA from BlackRock.
Portfolio Adjustments
The crypto investments at Goldman Sachs have undergone substantial changes through a combination of reducing positions in different ETF products yet increasing stakes in alternative funds. The company raised its IBIT shareholdings by 88.5% while simultaneously decreasing GBTC positions by 97%.
Bitcoin Exposure Growth
The increased focus on Bitcoin and Ethereum shows Goldman Sachs’ enhanced trust in crypto investment portfolios even though Bitcoin still represents 70% of their crypto assets.
