Goldman Sachs has increased its exposure to Bitcoin, purchasing roughly $194 million of spot Bitcoin exchange-traded fund (ETF) shares and lifting the Wall Street bank’s total Bitcoin holdings to about $470 million. The latest addition, disclosed by on-chain analytics firms and industry data providers on 25 August, signals the firm’s growing conviction in the digital asset after the U.S. approved spot Bitcoin ETFs earlier this year. The move comes against a backdrop of accelerating institutional adoption. Bloomberg Intelligence figures compiled for the second quarter show institutions collectively held $33.6 billion in Bitcoin ETFs after adding 57,375 BTC during the period. Investment advisors led the build-up with $17.4 billion in positions—nearly double the $9 billion held by hedge funds—while brokerage firms and banks accounted for a further $4.3 billion and $655 million, respectively. Large names are also entering or expanding their stakes. Brevan Howard Capital Management lifted its holding in BlackRock’s iShares Bitcoin Trust to $2.3 billion, making it the largest new holder, while Harvard Management Company initiated a $117 million allocation—now larger than its gold position. Goldman’s fresh buy underlines the widening acceptance of Bitcoin across a range of institutional investor classes.