Goldman Sachs Boosts BlackRock IBIT Holdings to $461M, Signaling Growing Institutional Interest in Bitcoin

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BitcoinWorld 13h ago

Goldman Sachs Boosts BlackRock IBIT Holdings to $461M, Signaling Growing Institutional Interest in Bitcoin - BitcoinWorld

Quick Summary:

Goldman Sachs Boosts BlackRock IBIT Holdings to $461M, Signaling Growing Institutional Interest in Bitcoin In a significant move indicating strong institutional interest in Bitcoin, Goldman Sachs has increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT), the spot Bitcoin ETF, to $461 million, according to a new U.S.

Goldman’s move mirrors a broader trend where traditional financial firms, including asset managers and investment banks, are recognizing Bitcoin as a viable asset class within diversified portfolios.

Demand Surge for Bitcoin ETFs: As more institutions participate in Bitcoin ETFs, demand for spot ETFs may continue to grow, influencing both Bitcoin’s price and the ETF market’s liquidity.