The document states that the investment giant gains indirect access to cryptocurrencies through regulated ETFs: the BlackRock iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin ETF. Currently, Goldman Sachs manages cryptocurrency-related assets worth over $2.36 billion. The bank's portfolio holds $1.06 billion in spot bitcoin ETFs and over $1 billion in ether-linked spot ETFs. Compared to the third quarter of last year, their share decreased by 39.4% and 27.2% respectively in the fourth quarter.
However, in the last quarter of 2025, Goldman Sachs increased its positions in exchange-traded funds to $XRP and $SOL , bringing its stakes in these funds to $152.2 million and $108 million by the end of the year, respectively. The largest share of crypto assets held by Goldman Sachs is in Bitcoin ETFs, accounting for more than 45% of the total volume. Overall, the investment bank manages assets worth over $3.5 trillion, with crypto assets making up only 0.33% of its portfolio.
In the last months of last year, the crypto market faced difficulties: by the end of the year, Bitcoin fell to $88,400, and Ethereum to $2,970. The market downturn affected cryptocurrency ETFs. In November, the net outflow of capital from spot Bitcoin ETFs in the USA amounted to $3.48 billion, which became a new anti-record over nine months, analysts from SoSoValue calculated.
Earlier, Goldman Sachs, along with other major global banks, began exploring the possibility of launching its own stablecoin, focused on the currencies of the G7 countries, which include the USA, Canada, France, Germany, Italy, Japan, and the United Kingdom.
