According to Goldman Sachs analysts, spot exchange-traded funds (ETFs) established for cryptocurrencies may attract the attention of institutional investors.
Mathew McDermott, who manages the digital asset unit of banking giant Goldman Sachs, said: About Bitcoin (BTC) and Ethereum (ETH) funds He said as follows:
“First, this will expand and deepen liquidity in the market. Why is this happening? Because you are creating corporate products that do not require institutions to directly contact the entity itself. And I think that opens the way for pension funds, insurers.”
Approval of spot exchange-traded funds, according to McDermott It will not cause a sudden change in the market. Instead, a change process that spans throughout the year is envisaged.
Goldman Sachs expert, especially in the coming year tokenization expects the trend to gain momentum.
Goldman Sachs, founded by itself tokenization platform Thanks to this, it reduces the duration of bond transactions. five days to one day dropped it.