Goldman Sachs Bets Big on Ethereum With $1 Billion Holding in Crypto Portfolio Shift
Goldman Sachs has revealed a $2.36 billion cryptocurrency portfolio in its latest filing, with ethereum nearly matching Bitcoin in allocation—a striking departure from institutional norms. The bank holds $1.1 billion in Bitcoin (BTC) and $1.0 billion in Ethereum (ETH), demonstrating unusual parity between the two assets.
The 13F filing shows Goldman's crypto strategy leans heavily into altcoins, with $153 million in XRP and $108 million in solana (SOL). This Ethereum-heavy positioning suggests the bank sees long-term value in smart contract platforms, not just Bitcoin's store-of-value thesis.
Market observers note the portfolio construction breaks from conservative institutional templates, where bitcoin typically dominates by 3:1 or greater. Goldman's near 1:1 BTC/ETH ratio signals either hedging strategy or conviction in Ethereum's institutional adoption curve.
