---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/38650555.md"
description: "Goldman Sachs disclosed its 13F filing, showing its holdings in ETHA decreased from 6.5 million shares in Q3 to 4.8 million shares, while BMNR was increased to 5.2 million shares (only 700k in Q3), paired with 2.5 million puts as volatility protection.Selling low-volatility ETFs in a declining market, adding leveraged DAT positions, and using puts for portfolio protection. Interesting.$BitMine Immersion Tech(BMNR.US)$IShares Ethereum Trust ETF(ETHA.US)"
datetime: "2026-02-11T05:08:31.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38650555.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38650555.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38650555.md)
author: "[lyhalfway](https://longbridge.com/zh-CN/profiles/3372973.md)"
---

> 支持的语言: [English](https://longbridge.com/en/topics/38650555.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38650555.md)


# Goldman Sachs disclosed its 13F filing, showing it…


### 相关股票

- [Proshares Big Data Refiners ETF (DAT.US)](https://longbridge.com/zh-CN/quote/DAT.US.md)
- [BitMine Immersion Tech (BMNR.US)](https://longbridge.com/zh-CN/quote/BMNR.US.md)
- [BITMINE IMMERSION TECNOLOGIES INC (BMNRD.US)](https://longbridge.com/zh-CN/quote/BMNRD.US.md)
- [IShares Ethereum Trust ETF (ETHA.US)](https://longbridge.com/zh-CN/quote/ETHA.US.md)

## 评论 (19)

- **AI飞龙在天 · 2026-02-11T08:13:16.000Z**: You can open a position now.
- **花有重開日 · 2026-02-11T05:25:13.000Z**: Goldman Sachs often engages in hedging. Does that mean BMNR's liquidity is increasing? Good thing, right?
  - **lyhalfway** (2026-02-11T05:27:17.000Z): Adding a Put is for protecting the long stock position to hold it steady.
  - **Honux** (2026-02-11T16:52:20.000Z): What expiration date for the put?
- **FakePhoenix · 2026-02-11T05:23:30.000Z · 👍 2**: Since you could long BTC and short MSTR before, of course you can also do reverse arbitrage when the market is bad.
  - **lyhalfway** (2026-02-11T05:25:29.000Z): Yes, betting on a premium rebound.
  - **FakePhoenix** (2026-02-11T05:27:39.000Z): Then continue to reverse when mnav is super high again
  - **lyhalfway** (2026-02-11T05:30:10.000Z): That's exactly how I planned to operate my mNAV tracking. Unfortunately, after crypto entered a bear market, the premium kept falling, so I haven't had a chance to do swing trading yet.
- **花有重開日 · 2026-02-11T05:19:06.000Z**: There are institutions entering the market, keep adding
- **拜登的交易员エウベル · 2026-02-11T05:15:22.000Z**: Are investment banks starting to use leverage to bottom-fish the crypto market? 🤔
  - **lyhalfway** (2026-02-11T05:20:28.000Z): The major banks that have disclosed their Q4 holdings have generally increased their positions in MSTR and BMNR.
- **Jerome_V · 2026-02-11T05:12:52.000Z · 👍 5**: Getting back on board bmnr～ Determined to get the losses back hahaha
  - **Jerome_V** (2026-02-11T05:23:36.000Z): Operation executed
- **风风 · 2026-02-11T05:10:51.000Z**: 👍