Goldman’s Hedge-Fund Clients Get More Active in Crypto Options

It’s not just the “YOLO” retail traders of the world who are jumping back into cryptocurrency markets. Hedge-fund clients of Goldman Sachsare, too.

“The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Max Minton, Goldman’s Asia Pacific head of digital assets, in an interview. “Many of our largest clients are active or exploring getting active in the space.”

Goldman, which launched its crypto trading desk in 2021, currently provides cash-settled Bitcoin option and Ether option trading, in addition to CME-listed Bitcoin and Ether futures. It does not trade the underlying crypto ...