- Goldman hedge funds pivot to crypto after the US approves Bitcoin ETFs, signaling a market interest shift.
- Goldman’s crypto strategy focuses on derivatives, not spot products, amid ETF-driven demand.
- Investment in blockchain tech and tokenization projects reflects Goldman’s commitment to digital assets.
Goldman Sachs’ hedge-fund clients have reportedly increased their activities in the crypto options space, sparked by the approval of spot Bitcoin exchange-traded funds (ETFs). This shift, as noted by Max Minton, the head of digital assets for Goldman Asia Pacific, highlights a growing interest and engagement from the firm’s influential clientele.
Minton’s comments, part of a March 24 Bloomberg report, reveal that this renewed enthusiasm is largely driven by the U.S. authorization of ten new Bitcoin ETFs. This event occurred earlier in January, marking a key moment for crypto assets within traditional market frameworks.
“The recent ETF approval has triggered a resurgence of interest and activities from our clients.”
According to Minton, the introduction of these ETFs has not only validated cryptocurrencies’ place in the financial markets but also…
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