Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p>Goldman Sachs’ hedge fund clients are showing renewed interest in cryptocurrencies following the recent approval of spot Bitcoin ETF (exchange-traded fund) investment products.</p>
<p>“The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said <a href="https://www.linkedin.com/in/max-minton-33a20a17/?originalSubdomain=hk" rel="noopener noreferrer nofollow"><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">Max Minton</span></a><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">, Asia Pacific head of digital assets, in an interview with Bloomberg News. “Many of our largest clients are active or exploring getting active in the space.”</span></p>
<h2 id="most-demand-is-for-btc-following-bitcoin-etf-approvals">Most Demand Is For BTC Following Bitcoin ETF Approvals</h2>
<p>A majority of the demand is for Bitcoin following the approval of Bitcoin ETFs managed by Wall Street giants, including BlackRock and Fidelity, since Jan. 11.</p>
<p>Minton said that demand for Ethereum might also rise if spot Ether ETFs are approved in May. Many analysts though consider that to be increasingly unlikely, with Bloomberg Intelligence recently slashing the odds of approval by May to 25%, from 35% previously.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Goldman Sachs says clients such as hedge funds are showing renewed interest in crypto options trading this year amid the digital-asset market boom <a href="https://t.co/l13a8kGa8i" rel="noopener noreferrer nofollow">https://t.co/l13a8kGa8i</a></p>
 <p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1771916449168208067?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 24, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Minton said a majority of the bank’s largest clients were either already active in the crypto industry or exploring it.</p>
<p>“It was a quieter year last year, but we’ve seen a pickup in interest from clients in onboarding, pipeline, and volume since the start of the year,” he said.</p>
<p>The investment bank unveiled a crypto trading desk in 2021, through which it offers cash-settled Bitcoin and Ether options trading. It also supports trading for Bitcoin and Ether futures listed on the CME.</p>
<p>The changing behavior of Goldman’s hedge fund clients comes as Wall Street increases its share of the cryptocurrency market.</p>
<p>With the Grayscale Bitcoin Trust posting steady outflows, analysts <a href="https://insidebitcoins.com/news/blackrocks-bitcoin-etf-on-track-to-surpass-grayscales-gbtc-in-as-little-as-two-weeks" rel="noopener noreferrer nofollow">believe</a> BlackRock is on track to being the largest institutional holder of Bitcoin within two weeks.</p>
<h4>Also Read:</h4>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-pumps-5-as-blackrock-closes-on-grayscale-and-this-green-ico-skyrockets-towards-9-million" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BTC Pumps 5% As BlackRock Closes On Grayscale And This Green ICO Skyrockets Towards $9 Million</a></li>
 <li><a href="https://insidebitcoins.com/news/sec-probes-ethereum-status-as-bloomberg-slashes-odds-of-ethereum-etf-approval-in-may" rel="noopener noreferrer nofollow">SEC Probes Ethereum Status As Bloomberg Slashes Odds Of Ethereum ETF Approval In May</a></li>
 <li><a href="https://insidebitcoins.com/news/spot-ether-etfs-wont-be-approved-in-may-bloomberg-analyst-says" rel="noopener noreferrer nofollow">Spot Ether ETFs Won’t Be Approved In May, Bloomberg Analyst Says</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">Green Bitcoin - Gamified Green Staking</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2024/02/green-bitcoin.png" alt="Green Bitcoin" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Contract Audited by Coinsult</li>
      <li>Early Access Presale Live Now - greenbitcoin.xyz</li>
      <li>Predict To Earn - Featured In Cointelegraph</li>
      <li>Staking Rewards &amp; Token Bonuses</li>
      <li>$7+ Million Raised - Ends Soon</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2024/02/green-bitcoin.png" alt="Green Bitcoin" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/greenbitcoin" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Goldman Sachs Says Hedge Fund Clients Flock to Crypto After Bitcoin ETF Approval

Spis treści

Inside Bitcoins

Inne artykuły opublikowane 25 mar 2024

Indonesian NFT ‘selfie guy’ makes $1.8M in memecoin comeback

UAE central bank introduces wholesale, retail digital dirham strategy

Bitcoin Exchange OKX Announced That It Will List VENOM On Its Futures Platform!

Bitcoin Approaches Record Highs Amid Mixed Market Feelings

Tipped for 40X Increase: OKX Rival Fezoo (FEZ) Presale at $0.013 Spurs Interest from Cosmos (ATOM...

Sidus Heroes Joins ChainGPT's $1 Million Grant Program as Awardee

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!