Goldman Sachs Pours $1.4B Into BlackRock's Bitcoin Fund
BlackRock’s Bitcoin fund in Q1 surge has attracted major investment from Goldman Sachs, which now holds about 30.8 million shares worth around $1.4 billion. This represents a significant 28% increase from their previous position of approximately 24 million shares, according to the recent SEC filings that were made public just a few days ago. Source: MacroScope Also Read: Bitcoin: Michael Saylor Reveals Strategy To Get 100x Return from BTC Understanding Bitcoin Fund Impact Amid Crypto Market Volatility Source: Crypto Slate Goldman’s Expanding Bitcoin Position Goldman Sachs has been strengthening its cryptocurrency investment security approach through increased holdings in BlackRock’s IBIT. BlackRockțs Bitcoin fund surge in Q1 follows Goldman’s February disclosure of about $1.5 billion in US spot Bitcoin ETF holdings, which at that time included roughly $1.2 billion in IBIT and also around $288 million in Fidelity’s FBTC. Their latest filing, interestingly en...