Goldman Sachs announced that it has a $419 million Bitcoin spot ETF under its management with a 13-F notification to the US Securities and Exchange Commission (SEC). As it is known, investment management firms in the US are obliged to notify the SEC if they hold more than $100 million in assets…

The largest share of the ETFs held by the bank was BlackRock with $238 million. There are funds worth $79 million from Fidelity’s ETF and $35 million from Grayscale’s ETF. Apart from these companies, the bank also holds the funds of Bitwise, Invesco Galaxy, WisdomTree and ARK Invest.

Goldman Sachs said in July that it plans to announce 3 tokenisation projects towards the end of this year. David Solomon, the famous CEO of the bank, stated that it can be a store of value like gold. although he did not always make positive statements about Bitcoin.

Recently, Morgan Stanley was added to the banks that started to recommend Bitcoin spot ETF to their customers through their investment departments. The investment firms of such banks, called “wire houses”, can reach the crowded small investor group much more easily. This is expected to significantly increase interest in Bitcoin ETFs.