Wall Street’s Goldman Sachs disclosed an expansion of its crypto holdings, reporting about $2.36 billion in total crypto exposure, including $1.1 billion in Bitcoin ETFs. The $1.1 billion position was in IBIT, BlackRock’s iShares Bitcoin Trust ETF. The SEC filings also revealed holdings of approximately $35.8 million in Fidelity’s Wise Origin Bitcoin Fund, roughly $92,000 in American Bitcoin and approximately $57,000 in Bitcoin Depot and various other bitcoin mining or cloud-based companies.
According to the filings, Goldman Sachs also had hundreds of thousands in IBIT calls and puts. Goldman’s path into Bitcoin began more than half a decade ago with tentative forays into the asset class. In 2022, the firm executed its first known BTC-backed loan and a non-deliverable Bitcoin options trade — milestones that marked early strategic steps into digital assets.
That posture shifted notably in 2024, when Securities and Exchange Commission filings revealed the bank’s first meaningful accumulation of Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund. Institutional filings from that period show Goldman tripling its Bitcoin ETF stake within months, bringing its holdings to roughly $1.5 billion and making it one of the largest institutional holders of Bitcoin ETFs. Filings from today also showed that Goldman Sachs held Ethereum, XRP, and Solana.
This move underscores a broader shift among Wall Street giants toward crypto, with ETFs serving as a main conduit for institutional exposure. Goldman’s activity signals growing comfort with regulated products and digital assets as part of diversified portfolios.
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