Goldman Sachs: Institutional investors may benefit from a physically-backed Bitcoin ETF
Goldman Sachs said in a report that institutional investors may benefit from the approval of exchange-traded funds (ETFs) for spot Bitcoin (BTC) trading, as these products will allow them to engage in proxy trading with lower management fees and participate more actively in arbitrage strategies and options hedging.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index closed down 94.87 points, with the S&P 500 and Nasdaq also declining.
U.S. stocks closed slightly lower across the three major indexes, with Baidu rising over 4%
Federal Reserve meeting minutes: Participants believe reserve balances have declined to an ample level