Goldman Sachs Settling Crypto ETPs In Europe: Coindesk

Goldman Sachs Settling Crypto ETPs In Europe: Coindesk

 

 

 

  • According to CoindeskGoldman Sachs Group Inc’s GS brokerage division is settling cryptocurrency exchange-traded products (ETPs) for its European hedge fund clients. 
  • The bank is currently offering the service to a limited number of clients and aims to roll them out to a broader customer base soon.
  • In March, the bank restarted its cryptocurrency desk amid growing interest in Bitcoin BTC/USD.
  • Bank of America Corp BAC has also been offering cryptocurrency ETPs for hedge funds.
  • Bank of America has approved the trading of Bitcoin futures and is clearing cash-settled contracts. 
  • Other banks like Morgan Stanley MS and JPMorgan Chase & Co JPM have also started giving clients access to crypto funds. 
  • In the month of June, ETC Group launched the first bitcoin ETP in the U.K. on the Aquis Exchange in London.

 

  

 

Posted In: CryptoETPEuropeGoldman SachsCryptocurrencyNewsCrowdsourcingMarketsGeneral

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