Wall Street full of BTC
Bitcoin‘s bull run, as we know, has been driven in recent months by growing institutional demand and from the new ones ETF spot BTC. However, some numbers are equally surprising, such as the one just revealed for the holdings of Goldman Sachs in It will go.
The financial giant of Wall Street, as revealed by the 13F documents deposited at SEC recently, it has in fact increased its holdings in the last three months enormouslyETFs at BlackRockand today it stands as second largest IBIT holderfor one total stake of $710 million in various ETFs.
There is still some margin, therefore, according to several analysts, for a further momentum in demand for BTC from financial institutionswho continue to relaunch products week after week, generating net-inflows always in the order of billions of dollars.
Goldman Sachs’ bet
Specifically, Goldman Sachs would be exposed to BTC for approximately $461 million via BlackRock’s iShares Bitcoin Trust (IBIT). Compared to August 2024, the share is grew by 83%leading the giant to be the second largest holder of IBIT behind only the hedge fund Millennium Management (exposed for $844 million).
Positions are also growing (+13%) in other ETFs, starting with the Bitcoin Wise Origin ETF (FBTC) Of Fidelitybut the share ($95.5 million) remains incomparable to that of IBIT. They are even further back GBTC Of Grayscalestill growing but reaching “only” $71.8 million, and BITB Of Bitwise ($22.5 million).
It now remains to be seen where BTC’s rally might go, and how institutional liquidity might impact price action. At this time, the fundamental psychological support of the $90k it is the ground on which the most important game is being played.
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