Goldman Sachs has expanded its Bitcoin ETF holdings to $710 million, as disclosed in its latest 13F filing with the U.S. SEC for the quarter ending September 30. This filing indicates increasing institutional interest in digital assets. The bank's largest position is in BlackRock’s Bitcoin Strategy ETF (IBIT), amounting to 12.7 million shares worth $461 million, an 83% increase from its previous holdings of 6.9 million shares. Goldman is now the second-largest holder of IBIT, following Millennium Management. Additionally, Goldman has increased its stake in Fidelity’s Wise Origin Bitcoin ETF to over 1.7 million shares valued at $95.5 million and has boosted its position in the Grayscale Bitcoin Trust by 116%, totaling over 1.4 million shares valued at $71.8 million. This surge in investments coincides with record inflows into spot Bitcoin ETFs and signals a strengthening institutional appetite for cryptocurrencies, driven by a pro-crypto regulatory environment expected under the Trump administration.

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