Goldman Sachs’ Ethereum ETF Holdings Surge 2,000% to $476 Million Amid Major Investments

In a recent report by COINOTAG on February 12th, a significant update emerged from Goldman Sachs following their 13F filing with the U.S. SEC dated February 11th. The document revealed an astounding 2,000% increase in the bank’s holdings in Ethereum ETFs for Q4 2024, surging from $22 million to an impressive $476 million. This portfolio expansion appears to be nearly evenly distributed between BlackRock’s ETHA and Fidelity’s FETH. Additionally, Goldman Sachs has made a notable investment of $6.3 million in Grayscale ETHE, highlighting a growing institutional interest in Ethereum-based assets. This move underscores the evolving landscape of cryptocurrency investments, as more financial institutions recognize the potential of Ethereum in diversifying their portfolios amidst a turbulent market atmosphere.