American investment bank colossus Goldman Sachs will introduce crypto financial commodities for clients in the coming second quarter of 2021.
Goldman Sachs Wealth Management’s newly assigned Digital Asset Manager Mary Rich stated that it has not been determined what set of investment tools in crypto assets will be offered to customers. There is a chance that the bank will introduce direct acquisitions of Bitcoins, or there will be an opening for investments in crypto derivatives. Mary Rich expects to build up a “full range” of products like these.
“There is a considerable amount of customers who are attracted in Bitcoin as an asset to hedge inflation-associated risks, and macroeconomic outcomes in the past year have certainly played a role. Also, a lot of investors think that cryptocurrencies can develop into something really significant, as if we are currently at the start of the new Internet, and they would like to take part in this,” Rich noted.
She revealed that comprehensive work is ongoing to introduce cryptocurrency investment products, and a variety of Goldman Sachs divisions are engaged in their development.
Goldman Sachs has just applied with the US Securities and Exchange Commission to register a new investment tool that tracks Bitcoin ETF data from the ARK Innovation. This will offer the bank’s clients an indirect contact to investments in Bitcoin.
We remind that in early March Morgan Stanley became the first major investment bank in the world to offer its clients the option for Bitcoin investment.
