At the end of 2021, a Goldman Sachs speculated on the bitcoin options market as The next big market for big finance.

For the Manhattan-based group – which remains one of the most relevant on a global scale and historically one of those closest to the world of cryptocurrencies as a financial investment tool – ETFs and Futures represent the past.

There should also be an opportunity for mining companies and operators in the sector to obtain advanced financial services, such as those represented by options, which should have cryptocurrencies and Bitcoin as their underlying, OTC investment products that could be of interest in particular to those who operate in the sector, as well as to institutional investors, since we are talking about products that are ideal for hedging and covering strongly directional positions. 

There is a market for this type of options and the entry of a player like GS would guarantee an unimaginable push and development in a context of traditional finance where many groups are orienting themselves towards real products, perhaps less complex, but always in this direction.

But it doesn’t end there, in fact the financial services giant will offer clients exposure to Ether (ETH) through Galaxy Digital’s Ethereum Fund.

Goldman has been named as the recipient of introduction fees for clients introduced to the fund and Galaxy Digital is the cryptocurrency-focused financial services provider of billionaire Mike Novogratz (At the end of Q4 2021, the company reported assets under management (AUM) of $2.8 billion).