<\/p>\n
Goldman Sachs\u2019 clients are reportedly jumping into crypto-related trades following the launch of Bitcoin (BTC<\/a>) exchange-traded funds (ETFs).<\/p>\n Max Minton, Goldman\u2019s head of digital assets in Asia, tells<\/a> Bloomberg that the banking giant\u2019s clients are investing in crypto derivatives for multiple purposes.<\/p>\n \u201cThe recent ETF approval has triggered a resurgence of interest and activities from our clients. Many of our largest clients are active or exploring getting active in the space\u2026<\/em><\/p>\n It was a quieter year last year, but we\u2019ve seen a pickup in interest from clients in onboarding, pipeline, and volume since the start of the year.\u201d<\/em><\/p>\n After rejecting applications for years, the U.S. Securities and Exchange Commission (SEC) approved the first 11 spot Bitcoin exchange-traded funds in January.<\/p>\n Goldman\u2019s clients tend to be focused on Bitcoin (BTC<\/a>), but Minton notes that they could also show more interest in Ethereum (ETH<\/a>) if the SEC greenlights an ETF for the second-largest crypto asset. Decisions on some applications could be made<\/a> by May.<\/p>\n Matthew McDermott, Goldman\u2019s global head of digital assets, noted<\/a> in an interview with Reuters last week that retail traders have so far been in the driver\u2019s seat of the current crypto bull market.<\/p>\n Goldman first launched a crypto trading team in 2021, which McDermott says they continue to improve on.<\/p>\n \u201cLast year was tough but just coming through to this year we\u2019ve seen a big sea-change not only in terms of the types of clients but also in terms of volumes.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Goldman Sachs\u2019 clients are reportedly jumping into crypto-related trades following the launch of Bitcoin (BTC) exchange-traded funds (ETFs). Max Minton, Goldman\u2019s head of digital assets in Asia, tells Bloomberg that the banking giant\u2019s clients are investing in crypto derivatives for multiple purposes. \u201cThe recent ETF approval has triggered a resurgence of interest and activities from […]<\/p>\n","protected":false},"author":2,"featured_media":272037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-272036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/272036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=272036"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/272036\/revisions"}],"predecessor-version":[{"id":272039,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/272036\/revisions\/272039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/272037"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=272036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=272036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=272036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n