{"id":16097,"date":"2024-08-14T16:39:18","date_gmt":"2024-08-14T13:39:18","guid":{"rendered":"https:\/\/forklog.com\/en\/goldman-sachs-and-drw-reveal-crypto-etf-holdings\/"},"modified":"2024-08-14T16:39:18","modified_gmt":"2024-08-14T13:39:18","slug":"goldman-sachs-and-drw-reveal-crypto-etf-holdings","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/goldman-sachs-and-drw-reveal-crypto-etf-holdings\/","title":{"rendered":"Goldman Sachs and DRW Reveal Crypto ETF Holdings"},"content":{"rendered":"<p>Investment bank<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/886982\/000076999324000301\/xslForm13F_X02\/InfoTable_2024-08-13_Final3.xml\"> Goldman Sachs<\/a> and trading firm<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1481986\/000148198624000003\/xslForm13F_X02\/xml13fq224.xml\"> DRW Holdings<\/a> have disclosed in their filings to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> the addition of cryptocurrency-related exchange-traded funds to their portfolios.<\/p>\n<p>As of the end of July, the former institution held shares in spot BTC-ETFs from BlackRock, Fidelity, Grayscale, Invesco Galaxy, Bitwise, WisdomTree, and Ark 21Shares, valued at $418.7 million.<\/p>\n<p>In the first instrument, the bank ranked as the third-largest holder after<a href=\"https:\/\/u1f987.com\/en\/news\/millennium-management-acquires-1-94-billion-in-spot-bitcoin-etfs\"> Millennium Management<\/a> and Capula Management. The value of the organisation&#8217;s 9 million IBIT securities amounted to $238.6 million.<\/p>\n<p>Meanwhile, DRW Holdings reported owning exchange-traded products based on BTC and ETH worth over $195 million, primarily invested in the Grayscale Ethereum Trust ($150 million).<\/p>\n<p>Analysts at K33 noted an indirect increase in the Norwegian sovereign wealth fund&#8217;s bitcoin position during the first half of the year, from 1,508 BTC to 2,446 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Norwegian sovereign wealth fund (NBIM) indirectly owns 2,446 BTC, an increase of 938 BTC from December 31, 2023.<\/p>\n<p>The growth likely originates from pre-determined algo-based sector weighting and risk diversification. It&#8217;s unlikely to stem from an intentional choice to amass\u2026 <a href=\"https:\/\/t.co\/8HBIbemgNU\">pic.twitter.com\/8HBIbemgNU<\/a><\/p>\n<p>\u2014 Vetle Lunde (@VetleLunde) <a href=\"https:\/\/twitter.com\/VetleLunde\/status\/1823634527157162282?ref_src=twsrc%5Etfw\">August 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This was achieved by increasing the share of MicroStrategy, MARA, Coinbase, and Block stocks in the portfolio.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe growth is likely due to a pre-determined algorithm for sector weighting and risk diversification. It is hardly related to an intentional choice to increase investments,\u201d<\/em> explained the specialists.<\/p>\n<\/blockquote>\n<p>Previously, Morgan Stanley allowed advisors to recommend BTC-ETF to certain clients.\u00a0<\/p>\n<p>By the end of the first quarter of 2024, 13 of the 25 largest hedge funds in the US held bitcoin-based products, according to River.<\/p>\n<p>In May, BlackRock&#8217;s head of digital assets, Robert Mitchnick, <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-anticipates-renewed-interest-in-bitcoin-etfs\">stated<\/a> expectations of a new wave of inflows into spot BTC-ETFs due to institutional participation.<\/p>\n<p>In April, a similar forecast was <a href=\"https:\/\/u1f987.com\/en\/news\/bernstein-sees-bitcoin-etf-inflow-slowdown-as-temporary\">presented<\/a> by Bernstein analysts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment bank Goldman Sachs and trading firm DRW Holdings have disclosed in their filings to the SEC the addition of cryptocurrency-related exchange-traded funds to their portfolios. As of the end of July, the former institution held shares in spot BTC-ETFs from BlackRock, Fidelity, Grayscale, Invesco Galaxy, Bitwise, WisdomTree, and Ark 21Shares, valued at $418.7 million. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,569,1252],"class_list":["post-16097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-etf","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16097"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16096"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}