Goldman Sachs increases spot Bitcoin ETF shareholdings

Global investment bank Goldman Sachs held 24.07 million shares (worth $1.27 billion) of BlackRock's IBIT spot Bitcoin exchange-traded fund (ETF) as of the end of last year, The Block reported. This is an 88% increase by comparison with the previous quarter. The company also holds 3.5 million shares (worth $288 million) of Fidelity’s FBTC. This holding represents a 105% increase compared to the previous quarter.