According to the New York Times, Goldman Sachs will use its own money to trade Bitcoin futures on behalf of its clients. Despite the exact launch date isn't yet set, the Bank's boards already signed off on the initiative and it's also set to "create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients". This decision resulted from a growing number of inquiries from the bank's clients that showed their interest in holding Bitcoin as an alternative asset.
Goldman executive Rana Yared said:
"It resonates with us when a client says, 'I want to hold bitcoin or bitcoin futures because I think it is an alternate store of value.'"
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