According to Bloomberg, senior executives in the Asia-Pacific region of Goldman Sachs Group have expressed strong interest from their hedge fund clients in cryptocurrency-related derivative products. Max Minton, the head of digital assets for Goldman Sachs Asia-Pacific, told Bloomberg, “The recent approval of ETFs has sparked interest from our clients and a recovery in trading activity. Many of our large clients are actively participating or exploring this area.” Minton pointed out that most of the demand comes from Goldman’s existing clients, primarily traditional hedge funds. However, he also mentioned that the bank is expanding to a “broader client base,” including asset management firms, banking clients, and selected digital asset companies. Furthermore, Minton noted that many clients are using cryptocurrency derivative products for directional bets, yield enhancement, 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 if the U.S. Securities and Exchange Commission (SEC) approves Ethereum spot ETFs, the situation could change.
