Goldman Sachs has ascended its IBIT stakes by 28% while BlackRock’s spot bitcoin ETF, IBIT, records the lengthiest inflow spree of 2025, marking 20 consecutive trading days. This is the longest streak for any spot bitcoin ETF so far this year. The fund has amassed approximately $5.1 billion in the last 20 trading days, as per SoSoValue data, the highest for any spot bitcoin ETF in the market.
With the surge in bitcoin price, U.S.-based spot bitcoin funds collectively have over $121 billion in net asset value, the highest since January this year. Bloomberg ETF analyst, Eric Balchunas, noted the difference between IBIT and other funds in a recent post, commenting on the substantial inflow into IBIT compared to others.
One notable buyer of IBIT has been Goldman Sachs, as revealed in a recent SEC filing initially discovered by MacroScope. Goldman Sachs is now the largest known IBIT holder globally, holding 30.8 million shares worth around $1.4 billion, marking a 28% increase from its holdings at the beginning of 2025’s first quarter.
The finance firm also holds 3.5 million shares of FBTC, the second-largest spot bitcoin ETF in the market in terms of assets under management, valued at about $315 million. It acquired approximately 30,000 shares in the first quarter of 2025, as per the filing.
This filing comes a few months after Goldman Sachs recognized crypto in its annual shareholder letter for the first time. The firm’s head of digital assets, Mathew McDermott, noted that if regulations allow stablecoins to be easily adopted by financial institutions, it could expedite the use of digital currency by major players.
BlackRock representatives recently met with the SEC’s Crypto Task Force to discuss staking and options on cryptocurrency exchange-traded funds. The agency has been meeting with several crypto shareholders as it seeks to adopt a more industry-friendly approach towards crypto regulation.
