Goldman Sachs expands ETH ETF holdings by 2,000% – Details – BitRss

• Goldman Sachs expanded Bitcoin and Ether ETF holdings, signaling strong institutional crypto adoption.
• Ethereum ETFs saw rising inflows, sparking speculation of an upcoming “Ethereum Season.”

The crypto Exchange-Traded Fund (ETF) market has experienced a remarkable surge since its launch, marking a significant milestone for both spot Bitcoin [BTC ($96,172.21)] and spot Ethereum [ETH ($2,623.11)] ETFs.

Goldman Sachs leans towards ETH ETF

Investment giant Goldman Sachs recently showed strong confidence in the sector by increasing its spot Ether ETF holdings by an astonishing 2,000% in the fourth quarter of 2024.

According to its Form 13F filing with the SEC, the investment giant increased its spot Ether ETF holdings from $22 million to $476 million. 

They allocated nearly equal shares between BlackRock’s iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH), along with an additional $6.3 million into the Grayscale Ethereum Trust ETF (ETHE).

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