Investing.com — Goldman Sachs (NYSE:) and Morgan Stanley (NYSE:) invested more than $600 million in spot exchange-traded funds (ETFs) during the second quarter of 2024, according to regulatory filings released on Wednesday.
The filings, known as 13-Fs, provide insights into positions held by institutional investors at the end of each quarter.
Goldman Sachs reported that it acquired roughly $418 million in various bitcoin ETFs. The bulk of this investment was in BlackRock (NYSE:) iShares Bitcoin Trust (NASDAQ:), with nearly 7 million shares valued at around $238 million as of June 30.
The IBIT is the largest spot Bitcoin ETF by market capitalization, with $20 billion in assets under management.
The bank also held stakes in the Fidelity Wise Origin Bitcoin ETF, the Invesco Galaxy Bitcoin ETF (NYSE:), and…
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