Goldman Sachs to Offer Bitcoin Products to Wealthy Clients

Goldman Sachs will now offer Bitcoin-based investment products to clients of its private wealth management group. According to Mary Rich, the global head of digital assets, the bank will aim to offer investments in the emerging digital asset class as early as this quarter. “We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term,” she said. As Bitcoin and the broader crypto market surged to new highs this year, institutional demand has also skyrocketed. In a survey conducted by the Goldman Sachs Global Markets Division, more than 40% of its clients were found to already have exposure to cryptocurrencies. Goldman announced last month that it would restart its cryptocurrency trading desk, offering derivative-based Bitcoin futures to its institutional clients. Bitcoin Continues to Outperform…

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