Mary Rich, Goldman Sach’s head of digital assets of private wealth management division, told CNBC this morning that the bank plans to launch a “full-spectrum” of investments in Bitcoin and other digital assets.
Goldman Follows Morgan Stanley into Bitcoin
Goldman Sachs, which commands over $1.8 trillion in assets, plans to offer BTC investment via “physical bitcoin, derivatives or traditional investment vehicles,” according to Rich.
The move from Goldman comes days within Morgan Stanley’s announcement of Bitcoin-related investment products for wealthy customers. Goldman is also targeting “private wealth clients” in the near term.
Recently, Goldman has also launched an indirect Bitcoin investment vehicle via the Ark Innovation ETF.