Institutional investors often deploy an army of analysts and bankers while leveraging their volumes to access better market insights, compared to average retail investors.
The second-largest investment bank, 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 recent 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.
The development comes after reports that hedge fund giant Brevan Howard has become the biggest institutional holder of the iShares Bitcoin Trust with 25.5 million shares valued at around $1.2 billion.
However, Goldman Sachs’s latest filing shows that the investment bank has surpassed Brevan Howard with a larger holding at 30.8 million shares.
The growing interest of institutional investors in digital assets like Bitcoin is evident in the fact that BlackRock’s Bitcoin ETF saw inflows of $44.7 billion while Fidelity's Wise Origin Bitcoin Fund (FBTC) saw a net inflow of $11.7 billion, according to the data from Farside Investors.
Earlier 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 nearly zero interest in 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.
It seems like the smart money went from ignoring crypto to mocking it, to buying the dip, and now, they’re betting big.
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