New York-based international financial services company Goldman Sachs plans to offer investors crypto products during quarter 2 of 2021.
Related: New Zealand pension fund invests 5% of assets in Bitcoin
The company's global head of digital assets for the bank's private wealth management division Mary Rich revealed the news in terms of the interview held by CNBC. She said that the institution is looking to present a "full spectrum" of investments related to the evolving asset class as its demand is really high. Rich stated she believes cryptocurrencies will be a part of the future.
There are no details known apart from that products will include Bitcoin and some altcoins.
Previously, another leading bank, Morgan Stanley announced introducing BTC funds to its wealthier clients. The product will be available in April.The bullish trend for the crypto industry continues. At the moment Bitcoin trades at around $58.800 with a market cap of above 1 trillion. The total market cap of all cryptocurrencies stands at about $1.95 trillion.