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Goldman Sachs’ Bitcoin Exposure Down ~45% (Unrealized) They does not hold Bitcoin directly. Its exposure is mainly through spot Bitcoin ETFs, including: • BlackRock’s IBIT • Fidelity’s FBTC • Grayscale’s GBTC • Bitwise’s BITB • Smaller positions in ARK, Invesco Galaxy, and WisdomTree funds Which has declined to roughly $944 million at today's Bitcoin price of around $68,700 - a drop of approximately $766 million or around -45%

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