“There are also large contingents of clients who feel like we’re sitting at the dawn of a new Internet. We are looking for ways to participate in this space,” she said.
Goldman could offer similar bitcoin funds and other investing ways which are “more akin to the underlying asset class, which trades 24-7 globally,” Rich said. However, she added some BTC funds such as Galaxy can only be traded one time each quarter.
“We’re still in the very nascent stages of this ecosystem. No one knows exactly how it will evolve, or what shape it will be,” Rich said. “But I think it’s fairly safe to expect it will be part of our future.”
World’s largest derivatives marketplace to add Bitcoin futures
Chicago Mercantile Exchange Group (CME), the largest derivatives marketplace in the world disclosed it will be introducing micro Bitcoin futures by May 3rd. The marketplace announced the news after large financial institutions and investors endorsed cryptocurrencies, pushing them to new all-time high prices. The micro bitcoin futures of CME will be one-tenth the size of one Bitcoin. Currently, it is still pending regulatory review.
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