Goldman Sachs Shows Interest in Crypto Market

The Goldman Sachs team has reported that their clients are showing renewed interest in the cryptocurrency market this year. Max Minton, the head of digital assets at Goldman Sachs Asia Pacific, stated that the company’s large clients are showing interest in the crypto sector and are exploring becoming active. ETF Approvals and Crypto Market According to Minton, the main reason for the growing interest in the cryptocurrency sector is the approval of Bitcoin ETF applications in the United States. This has increased the integration of crypto assets with traditional markets. Assets under management at Goldman Sachs have reached $2.8 trillion. Although Goldman established a crypto trading desk in 2021, it currently does not offer spot crypto products. The firm is focused on derivative products, offering only Bitcoin and Ethereum options and futures. Minton noted that client interest and trading volume have increased since the beginning of this year. Crypto Derivative […]

Goldman Sachs Shows Interest in Crypto Market

The Goldman Sachs team has reported that their clients are showing renewed interest in the cryptocurrency market this year. Max Minton, the head of digital assets at Goldman Sachs Asia Pacific, stated that the company’s large clients are showing interest in the crypto sector and are exploring becoming active.

ETF Approvals and Crypto Market

According to Minton, the main reason for the growing interest in the cryptocurrency sector is the approval of Bitcoin ETF applications in the United States. This has increased the integration of crypto assets with traditional markets. Assets under management at Goldman Sachs have reached $2.8 trillion.

Although Goldman established a crypto trading desk in 2021, it currently does not offer spot crypto products. The firm is focused on derivative products, offering only Bitcoin and Ethereum options and futures. Minton noted that client interest and trading volume have increased since the beginning of this year.

Crypto Derivative Products and Client Interest

Minton stated that clients are using crypto derivative products, especially to expose themselves to the volatility of cryptocurrencies, and that Bitcoin products are popular. Additionally, he believes that the potential approval of an Ethereum ETF application in the US could increase interest in Ethereum among the firm’s clients.

According to Bloomberg analysts, the chances of an Ethereum ETF approval are seen as low until May due to the silence of the Securities and Exchange Commission. Minton stated that among Goldman Sachs’ future plans are to serve a wider range of clients, including asset management funds and specialized crypto asset firms.

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