Goldman Sachs has taken a position in the Bitcoin ETF market, holding approximately $418.65 million in shares across various U.S. spot bitcoin ETFs as of June 30, according to its recent 13F filing with the Securities and Exchange Commission.

The investment bank’s fillings, submitted on Tuesday, reveals holdings in seven of the 11 available Bitcoin ETFs in the U.S. This move underscores the growing institutional interest in cryptocurrency-based investment products.

Goldman Sachs’ largest position is in the iShares Bitcoin Trust (IBIT), valued at $238.6 million. Following closely are Fidelity Wise Origin Bitcoin Fund (FBTC) at $79.5 million and Invesco Galaxy Bitcoin ETF (BTCO) at $56.1 million. The bank also holds $35.1 million in the recently converted Grayscale Bitcoin Trust ETF (GBTC).

Smaller positions include $8.3 million in the Bitwise Bitcoin ETF (BITB), $749,469 in the WisdomTree Bitcoin Fund (BTCW), and $299,900 in the ARK 21Shares Bitcoin ETF (ARKB).

According to data from U.K. asset manager Farside Investors, Bitcoin ETF flows continued in the green during Tuesday's trading day, with $39 million in daily inflow recorded. iShares' IBIT led inflows, with $34.6 million, followed by FBTC with $22.6 million.

Bitcoin ETFs in Goldman’s Broader Strategy

The filing details Goldman’s specific share counts in the funds, including 1.5 million shares of Fidelity’s FBTC and 660,183 shares of Grayscale’s GBTC.

These holdings are part of Goldman Sachs’ broader ETF strategy, which includes 44 ETFs traded on U.S. markets with total assets under management approaching $35 billion.

The Bitcoin ETF market has seen notable activity since the SECs approval of spot Bitcoin ETFs on Jan. 11. According to Bloomberg data, these funds have attracted more than $17.4 billion in net inflows this year, highlighting the demand for the cryptocurrency investment vehicles.

While Bitcoin ETFs have seen considerable inflows, recently launched spot Ethereum ETFs have experienced nearly $376 million in outflows since their debut on July 23, primarily due to $2.3 billion in outflows from the Grayscale Ethereum Trust (ETHE).  

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