Goldman Sachs has a $1.4 billion heavy position in IBIT, leading the institutional "scramble" BTC ETF

Author: zycrypto

Compilation: Blockchain Knight

According to its latest 13F filing with the SEC, Goldman Sachs Group Inc. has significantly increased its holdings in BTC ETFs, reflecting the growing institutional demand for BTC against the backdrop of a shifting macro environment.

Less than three months ago, Goldman Sachs first mentioned crypto assets in its annual letter to shareholders.

Goldman Sachs invested $1.4 billion in BTC to achieve its layout through IBIT

The Wall Street giant currently holds 30.8 million shares of BlackRock's iShares BTC Trust (IBIT), making it the largest spot BTC ETF with a market capitalization of more than $1.4 billion.

This represents a 28% increase from the beginning of the first quarter of 2025, making Goldman Sachs the largest institutional holder of IBIT. Goldman Sachs has taken a leading position in institutional crypto asset investing by overtaking other major investors such as Brevan Howard and Jane Street.

This move coincides with IBIT's consistent net inflows over the past 20 trading days, setting a record for the longest streak of inflows in the spot BTC ETF market in 2025. According to SoSoValue, the fund has accumulated about $5 billion in capital during this period, outpacing other BTC ETFs on the market.

Confidence in BTC is growing day by day

Earlier this month, Eric Balchunas, senior ETF analyst at Bloomberg, posted on the X platform highlighting the significant differences between IBIT and other ETFs.

"It's interesting to see that $IBIT received far more inflows than other ETFs (although 10 ETFs also saw inflows). In general, inflows are more even across ETFs. Why is this happening? My speculation is that the return of high-frequency trading basis arbitrage strategies, and the subsequent decoupling of the BTC price from assets like gold, and the subsequent rebound, some big money is starting to enter the market."

Goldman Sachs also holds 3.5 million shares of Fidelity's Wise Origin BTC ETF (FBTC), the second-largest industry spot BTC ETF by AUM, worth about $314 million, a position disclosed in February.

The world's seventh-largest investment bank has increased its slugging stake in BTC ETFs, coinciding with a surge in BTC prices, which recently crossed the $100,000 mark as its flagship crypto asset. At the time of publication, BTC was trading at $104,310, just 4% away from the all-time high of $108,786 set on January 20.

Goldman Sachs' recent purchase of BTC ETFs underscores the trend of an increasingly favorable regulatory environment under President Trump's administration, which is driving Wall Street institutions to accelerate their deployment in the crypto asset market.

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