Goldman Sachs Reduces Bitcoin ETF Holdings by 40% in Q4 2023

Goldman Sachs has decreased its bitcoin ETF investments by 40% as of the fourth quarter of 2023, according to recent filings. The firm's holdings include $1.06 billion in bitcoin ETFs.

Goldman Sachs has made significant adjustments to its cryptocurrency investments, slashing its holdings in bitcoin exchange-traded funds (ETFs) by 40% during the fourth quarter of 2023.

As per the latest 13F filing, the investment bank reported that its stake in spot bitcoin ETFs amounted to $1.06 billion at the close of the previous year. In addition, it held $1 billion in spot Ethereum ETFs, reflecting its ongoing engagement in the digital asset market while navigating through changing market conditions.