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Goldman Sachs holds approximately $418.6 million in spot bitcoin ETF shares across seven of the fledgling funds as of June 30, according to an Aug. 13 company filing with the Securities and Exchange Commission.

Goldman Sachs’ largest position is in the iShares Bitcoin Trust (IBIT) , valued at $238.6 million. Following closely are Fidelity Wise Origin Bitcoin Fund (FBTC) at $79.5 million and Invesco Galaxy Bitcoin ETF (BTCO) at $56.1 million. The bank also holds $35.1 million in the Grayscale Bitcoin Trust ETF (GBTC) .

Smaller positions include $8.3 million in the Bitwise Bitcoin ETF (BITB) , $749,469 in the WisdomTree Bitcoin Fund (BTCW) , and $299,900 in the ARK 21Shares Bitcoin ETF (ARKB) .

The bank's interest underscores the growing institutional interest in cryptocurrency-based investment products. The 11 funds that started trading earlier this year have generated $17.4 billion in inflows, according to U.K. asset manager Farside Investors.

The ETFs generated $39 million in net inflows on Tuesday. iShares' IBIT led inflows, with $34.6 million, followed by FBTC with $22.6 million. Bitcoin was recently trading at about $59,000, down slightly over the past 24 hours. The largest digital asset by market cap has been buffeted in recent months by macroeconomic uncertainty that has also affected other risk-on assets.

Bitcoin ETFs in Goldman’s Broader Strategy

The SEC filing details Goldman’s specific share counts in the funds, including 1.5 million shares of Fidelity’s FBTC and 660,183 shares of Grayscale’s GBTC.

These holdings are part of Goldman Sachs’ broader ETF strategy, which includes 44 ETFs traded on U.S. markets with total assets under management approaching $35 billion. The financial services giant also recently expanded its municipal bond ETF offerings.

Read More: Goldman Sachs Launches Preferred Stock ETF for Income

The success of spot bitcoin funds has helped spur interest in other crypto-based ETFs. Last month, nine spot Ethereum ETFs began trading. Although they've generated $376 million in outflows in slightly over three weeks of trading, their introduction has largely been considered successful. The net flows have been largely the result of $2.3 billion in outflows from Grayscale Ethereum Trust (ETHE) . That fund differs from the other products in the category because it is a conversion from a trust and carries the highest fee, 2.5%.

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