Goldman Sachs increases IBIT holdings by 28% in Q1, reaching $1.4B

Global investment bank Goldman Sachs has reportedly increased its holdings in BlackRock’s iShares spot BTC ETF (IBIT) to 30.8 million shares, valued at over $1.4 billion, in the first quarter (Q1), according to Crypto Briefing, citing MacroScope. This represents a 28% increase from the previous quarter, with Goldman Sachs raising its stake from 24 million shares. In contrast, there was little change in the holdings of Fidelity’s spot BTC ETF (FBTC).