According to Bloomberg, senior executives in the Asia-Pacific region of Goldman Sachs Group stated in an interview that the hedge fund clients of this Wall Street giant have once again shown strong interest in cryptocurrency-related derivative products. Max Minton, the head of digital assets in the Asia-Pacific region at Goldman Sachs, told Bloomberg, “The recent approval of ETFs has sparked interest among our clients and a revival in trading activity. Many of our large clients are actively participating in or exploring this field.”
Minton pointed out that most of the demand comes from Goldman Sachs’ existing clients, primarily traditional hedge funds. However, he also stated that the bank is expanding to a “broader client base,” including asset management firms, banking clients, and selected digital asset companies. In addition, Minton also mentioned that many clients are using cryptocurrency derivative products for directional bets, increasing returns, or hedging purposes.
On the other hand, Minton added that the focus of the company’s clients is still mainly on bitcoin-related products, but the situation may change if the U.S. Securities and Exchange Commission (SEC) approves an Ethereum spot ETF.
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