Goldman Sachs has ramped up its Bitcoin exchange-traded fund (ETF) holdings to $2.05 billion, indicating rising institutional demand. According to its 13F filing with the U.S. Securities and Exchange Commission, the firm increased its exposure by 121.1% from $710 million in Q3. The majority of this increase is attributed to its investments in BlackRock's Bitcoin ETF, where Goldman now holds 24.07 million shares worth $1.27 billion. Additionally, the bank has added $288 million to Fidelity’s Wise Origin Bitcoin ETF, a 105% increase. Alongside its ETF holdings, Goldman has substantial options trading positions totaling $760 million. The firm also reported a nearly 19-fold increase in its Ethereum exposure, rising to $476.5 million, benefiting from market conditions that saw Bitcoin rise by 40.6% and Ethereum by 26.2% during Q4. This strategic adjustment reflects a shift towards cryptocurrencies amid favorable regulatory changes and growing institutional interest.

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