Goldman Sachs invests $1.4 billion in IBIT, leading the way in “scrambling” for BTC ETF

Source: Blockchain Knight

According to its latest 13F filing with the SEC, Goldman Sachs Group has significantly increased its BTC ETF holdings, reflecting the growing institutional demand for BTC amid a shift in the macro environment.

Just less than three months ago, Goldman Sachs first mentioned Crypto assets in its annual letter to shareholders.

Goldman Sachs invests $1.4 billion in BTC and uses IBIT to achieve its layout

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

This position is up 28% from the beginning of the first quarter of 2025, making Goldman Sachs the largest institutional holder of IBIT. By surpassing other major investors such as Brevan Howard and Jane Street, Goldman Sachs has taken a leading position in institutional Crypto asset investment.

This move coincides with IBIT's continued net inflows over the past 20 trading days, setting a record for the longest consecutive inflow in the spot BTC ETF market in 2025. According to SoSoValue data, the fund has accumulated approximately $5 billion in funds during this period, surpassing other BTC ETFs on the market.

Growing confidence in BTC

Earlier this month, Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, highlighting the significant differences between IBIT and other ETFs. "An interesting observation is that $IBIT has received far more inflows than any other ETF (although 10 ETFs have received inflows). Normally, inflows are more balanced across ETFs. Why is this happening? My guess is the return of high-frequency trading basis arbitrage strategies and some big money coming in after the price of BTC decoupled from assets like gold and then rebounded." Goldman also holds 3.5 million shares of Fidelity's Wise Origin BTC ETF (FBTC), the second-largest industry spot BTC ETF by assets under management, worth about $314 million, a position disclosed in February. The seventh-largest investment bank in the world has significantly increased its holdings of BTC ETFs, coinciding with the surge in BTC prices, with the flagship Crypto asset recently re-breaking the $100,000 mark. As of the time of this article’s publication, BTC is trading at $104,310, just 4% away from its all-time high of $108,786 set on January 20.

Goldman Sachs’ recent purchase of a BTC ETF highlights the trend of Wall Street institutions accelerating their deployment of the Crypto asset market as the regulatory environment becomes increasingly favorable under President Trump’s administration.