The global investment firm owns approximately 12.7 million shares in BlackRock’s iShares Bitcoin Trust, valued at over $461 million, according to a 13F report filed with the United States Securities and Exchange Commission (SEC) on November 14. represents.

Additionally, Goldman Sachs has invested $95.5 million with 1.7 million shares in the Fidelity Wise Origin Bitcoin ETF.

In addition, Grayscale invests 1.4 million shares and $72 million in Bitcoin Trust ETF, while Invesco Galaxy Bitcoin ETF has approximately 940,443 shares and their total value is close to $60 million.

In addition to Goldman Sachs’ Bitcoin ETF investments, the firm has $22.5 million in Bitwise Bitcoin ETF shares, $3.8 million in the ARK 21Shares Bitcoin ETF, nearly $4 million in the Grayscale Bitcoin Mini Trust ETF and WisdomTree Bitcoin Fund. It has also made investments worth approximately $791,852.

Apart from Bitcoin ETF investments, the company also appears to invest in Ethereum ETFs. Goldman Sachs has invested $22 million worth of Ethereum ETF shares, $22.6 million worth of Grayscale Ethereum Mini Trust ETF, and $2.6 million worth of Fidelity Ethereum Fund.

Goldman Sachs’s investment in Ethereum ETFs, in addition to its Bitcoin ETF investments, reflects the firm’s interest in digital assets and the change in investment strategies. The investment firm has invested an additional $300 million in Bitcoin ETF shares since its previous 13F filing for the second quarter of 2024.

During this period, the company stated that its investments in BlackRock’s iShares Bitcoin Trust amounted to approximately 7 million shares and 238 million dollars. The investment bank had also invested smaller amounts in other Bitcoin-related ETFs.

Goldman Sachs had previously taken a cautious approach towards crypto. Sharmin Mossavar-Rahmani, the company’s chief investment officer, stated that she does not see crypto as an investment asset class and that, as a bank, “they do not believe in crypto.”

However, recently, the bank has taken a more open-minded approach to digital assets and has increased its investments in this field with the emergence of crypto ETFs in the market. Goldman Sachs has also moved into more crypto ventures and decided to expand its activities in the digital assets space.

Notably, in July, the bank announced that it planned to launch three tokenization projects in order to expand its business in the field of digital assets. These projects form an important part of Goldman Sachs’ investment strategy in the field of digital assets.

Additionally, Goldman Sachs, which participated in funding rounds for Blockchain infrastructure provider Blockdaemon in 2021, continued to provide support to this project and supported the project, which raised approximately $155 million in series B financing.

Goldman Sachs’ Bitcoin ETFs and other digital asset investments show that the firm has increased interest in digital assets and aims to grow in this area.

In particular, the growing popularity of Bitcoin ETFs and acceptance of digital assets among broader institutional investors is leading major investment banks such as Goldman Sachs to invest more in crypto assets.