Goldman Sachs Ups IBIT Stake as BlackRock Sets 2025 Record

By: cryptosheadlines|2025/05/12 02:00:15
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The spot Bitcoin (BTC) exchange-traded fund (ETF) market has significantly developed, particularly for BlackRock’s IBIT. Notably, IBIT hit a milestone by recording 20 consecutive days of inflow, the longest for any Bitcoin ETF product in 2025.Goldman Sachs Emerges as Largest IBIT HolderAs per SoSoValue data, this amounts to approximately $5.1 billion in trading over the past 20 days in the crypto space. This places BlackRock in a leading position regarding fund inflows in the ETF market.Amid this $5.1 billion accumulation, a key player has been Goldman Sachs, the renowned investment bank and financial services company. According to a recent filing with the Securities and Exchange Commission (SEC), spotted by MacroScope, Goldman Sachs has emerged as the largest IBIT holder.Goldman Sachs’s filing with the SEC showed that as of March 31, 2025, it had a total of 30.8 million shares valued at $1.4 billion. Its total holding was 24 million as of December 31, 2024. This shows that in the first quarter of this year, Goldman Sachs increased its holding by a significant 28.3%.The striking thing about this accumulation is that it was done despite a Bitcoin price dip. This signals strong institutional confidence in Bitcoin’s long-term value.Goldman Sachs Dumps PutsBesides deepening its exposure to Bitcoin through BlackRock’s IBIT ETF, Goldman Sachs also owns 3.47 million shares in Fidelity’s FBTC, the second-largest BTC ETF. The investment bank added this volume for $250 million.Meanwhile, Goldman Sachs has eliminated its previous IBIT and FBTC “put options” valued at $527 million and $84 million, respectively. As per the SEC document, these positions no longer appear in the 13F filing.This indicates a shift from hedging to a more bullish stance on Bitcoin ETFs in Q1, despite the price drop.Institutional Adoption Broadens, Is Stablecoin on Goldman’s Radar?Interestingly, Matthew McDermott, Goldman Sachs’ Head of Digital Assets recently hinted at interest in the stablecoin sector. Goldman Sachs had in 2024 introduced tokenization projects targeting U.S. and European markets.McDermott stated that the firm is closely monitoring regulations in the sector. If they eventually allow for easy adoption by financial institutions, it could fast-track digital currency’s utility for big players. Institutional players are taking a keener interest in digital currency. Recently, representatives from BlackRock met with the SEC’s Crypto Task Force on staking and tokenization.Source link

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