-- It’s not just the “YOLO” retail traders of the world who are jumping back into cryptocurrency markets. Hedge-fund clients of Goldman Sachs are, too.“The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Max Minton, Goldman’s Asia Pacific head of digital assets, in an interview. “Many of our largest clients are active or exploring getting active in the space.
The majority of demand comes from Goldman’s existing clients, mainly the traditional hedge funds. The bank is also expanding into “a wider universe of clients,” including asset managers, bank clients and select digital asset firms, he said. Bitcoin-related products still command the majority of clients’ focus, he said, though interest for Ether-related products might change, depending on whether Ether ETFs win approval in the US.
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