Goldman Sachs Asset Management is aiming to become a “leading provider” of active exchange traded funds in Europe as fund groups including JPMorgan, Schroders and Jupiter prepare to expand across the market.

Goldman Sachs, one of the world's largest investment banks, has significantly increased its Bitcoin exchange-traded fund (ETF) holdings, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC),

The financial firm held about $1.3 billion of BlackRock’s Bitcoin ETF shares and $300 million of Fidelity’s. Exchange-traded funds let investors gain exposure to an asset without needing to buy the asset themselves.