Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.”
Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients
Goldman Sachs is the second major bank to say that it will be offering its wealthy clients access to bitcoin investments. CNBC reported on Wednesday that the bank is close to offering its first investment vehicles for bitcoin to clients of its private wealth management group.
Mary Rich, who was recently named global head of digital assets for Goldman’s private wealth management division, explained that the bank aims to start offering bitcoin investments in the second quarter. She said in an interview last week, “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.”
Rich revealed that Goldman Sachs is looking to ultimately offer a “full spectrum” of investments in bitcoin, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles,” the publication conveyed. She was quoted as saying:
There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that … There are also a large contingent of clients who feel …
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