Claim $500Goldman Sachs Tops BlackRock’s Bitcoin ETF Holdings as Smart Money Turns to Crypto
Highlights
- Goldman Sachs now holds over 30 million in BlackRock’s Bitcoin ETF shares, topping all institutional investors.
- Institutional inflows into Bitcoin ETFs are soaring, with BlackRock’s IBIT leading at $44.7 billion.
- Once sceptics, major Wall Street players are now heavily betting on Bitcoin as a hedge and asset.
Institutional investors often deploy an army of analysts and bankers while leveraging their volumes to access better market insights, compared to average retail investors. That’s why their funds are often called the ‘smart money’. So, when the second-largest investment bank allocates billions for an asset, it tends to grab attention.
As per the recent market updates, Goldman Sachs has doubled down on its investment in BlackRock’s iShares Bitcoin Trust (IBIT), becoming the largest institutional holder of the fund. According to the SEC filing, Goldman Sachs has increased its Spot Bitcoin ETF holdings from 24 million to 30.8 million shares in the first quarter of 2025. Cumulatively, the total holding is estimated to be worth over $1.5 billion.
With this, Goldman Sachs overtakes Brevan Howard as the largest holder. With around 25.5 million shares, Brevan Howard’s shares are valued at around $1.2 billion as per the media reports.
The growing interest of institutional investors in digital assets like Bitcoin is evident in the fact that BlackRock’s Bitcoin ETF inflows have reached $44.7 billion, while Fidelity Wise Origin Bitcoin Fund (FBTC) has seen a net inflow of $11.7 billion, as per the data from Farside Investors.
In April, Goldman Sachs raised the probability of a US recession within the next year to 45%. Following its dire predictions, the investment bank is said to have doubled down on Bitcoin as a potential hedge against rising inflation and possible economic slowdown.
After a near-zero leaning towards crypto till 2020, the barrage of institutional money started with public companies like MicroStrategy and Tesla accumulating some. And now, almost all major investment banks and asset management companies have allocated investment to Bitcoin. Now, with the launch of spot Bitcoin ETFs in 2024, Bitcoin has officially entered every nook and corner of Wall Street.
Smart money went from ignoring crypto to mocking it, to buying the dip, and now, they’re betting big.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- PENGU Rises Despite Crypto Market Downtrend as Pudgy Penguins Appear on Las Vegas Sphere
- Binance Lists First Nation–Backed Stablecoin; CZ Reacts
- U.S. Initial Jobless Claims Fall To 214,000; BTC Price Drops
- BlackRock Deposits Millions in Bitcoin and Ethereum as CryptoQuant Flags Growing Bear Market Risk
- NiceHash Review: Trade HashRate and effectively manage your POW mining facility
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
- XRP Price Prediction: Will 4 Billion Transactions Spark Next Rally?
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
