Goldman Sachs has disclosed increased exposure to Bitcoin through the US exchange-traded funds, acquiring an impressive $710 million of the investment vehicle.

The leading investment banking firm disclosed the staggering exposure in a Thursday filing with the US Securities and Exchange Commission (SEC). The $710 million exposure made it one of the largest holders of the January-launched Bitcoin products, offering indirect exposure to the pioneering cryptocurrency.

Notably, Goldman Sachs increased its position on the US Bitcoin spot ETFs from the last quarter, indicating the firm’s warm disposition towards cryptocurrency. The investment bank disclosed it held $418.65 million worth of Bitcoin ETFs in Q2, growing its exposure by nearly 70% in the last quarter.

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