Key dealers
- Goldman Sachs increased its share in Blackrock’s Ishares Bitcoin Trust to 30.8 million shares worth over $ 1.4 billion.
- Ibit leads Bitcoin ETFs with approximately $ 62.8 billion in assets under management.
Goldman Sachs has grown its position in Blackrock’s Ishares Bitcoin Trust (Ibit) by 28%and reveals a holding of 30.8 million shares valued at more than $ 1.4 billion during the period ending March 31, up from 24 million shares, according to a new SEC archiving first reported by macroscope.
Back in February, Goldman Sachs revealed over $ 1.5 billion in US Tot Bitcoin ETF Holdings, including about $ 1.2 billion in Blackrock’s IBIT and $ 288 million in Fidelity’s Bitcoin Fund (FBTC). Its recent archiving shows no significant change in its FBTC position.
From the latest information traced by Finel, the Investment Bank stands as the largest institutional holder of Ibit. The letter Howard is ranked as others and holds more than 25 million shares worth almost $ 1.4 billion. Other major stakeholders include Jane Street, Symmetry Investments and De Shaw & Co.
In the December disclosure, Goldman Sachs reported to contain options tied to Bitcoin ETFs – including $ 157 million in call options (which profits if the price goes up) and $ 527 million in PUT Options (which the price goes down) for IBIT, along with $ 84 million in Put Options for Fidelity’s Spot Bitcoin Fund (FBT (FBT.
In the latest archiving, however, none of these options appear, which means that Goldman has probably closed or allowed these contracts to expire.
Ibit is still the largest Bitcoin ETF, with approximately $ 62.8 billion in assets under management.
Since its launch in January, the fund has attracted over $ 44 billion in net inflows, and so far this week it has logged around $ 674 million per districtist.
ETF’s shares rose $ 1.04 during Friday’s trading session and reached $ 58.66, according to Yahoo Finance Data.
