Institutional clients of Goldman Sachs’ Asia Pacific arm are showing renewed interest in Bitcoin, Ether, and other crypto assets.
Goldman Sachs’ clients have reportedly started to make the jump back into crypto this year, with appetite renewed by the approval of spot Bitcoin (BTC) exchange-traded funds.
Max Minton, head of digital assets for Goldman Asia Pacific, said that many of his firm’s largest clients had recently become active or were “exploring getting active” in the crypto sector, according to a March 24 report from Bloomberg.
Minton added that much of the increased appetite for cryptocurrency stems from the approval of ten new Bitcoin ETFs in the United States in January, which rubber-stamped the crypto assets as being a more integral part of traditional markets.
