Goldman Sachs is delving deeper into the crypto space, expanding its Bitcoin futures trading opinions and teasing the launch of Ethereum futures next.
The financial giant is tapping Galaxy Digital as a liquidity provider for its broadened BTC trading platform, reports The Record. Goldman Sachs is announcing its partnership with Galaxy Digital after successfully executing Bitcoin futures trades in early May.
Galaxy Digital is a global digital asset investment management firm, headed by noted Bitcoin bull Mike Novogratz.
In the wake of the introduction of its BTC trading options, Goldman Sachs announced this week that it will be offering Ethereum options and futures contracts as well, according to Bloomberg.
The first Ethereum ETF (exchange-traded fund) in North America started trading this past April in Canada, just after the novel Bitcoin ETF product launched in the country as well.
Thus far, no Bitcoin or Ethereum ETF has been approved in the US, though VanEck has applied for an Ethereum ETF and Fidelity and Anthony Scaramucci’s SkyBridge Capital have applied for Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC).
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