Goldman Sachs Settling Crypto ETPs In Europe: Coindesk

According to Coindesk, Goldman Sachs Group Inc’s GS brokerage division is settling cryptocurrency exchange-traded products (ETPs) for its European hedge fund clients.
The bank is currently offering the service to a limited number of clients and aims to roll them out to a broader customer base soon.
In March, the bank restarted its cryptocurrency desk amid growing interest in Bitcoin BTC/USD.
Bank of America Corp BAC has also been offering cryptocurrency ETPs for hedge funds.
Bank of America has approved the trading of Bitcoin futures and is clearing cash-settled contracts.
Other banks like Morgan Stanley MS and JPMorgan Chase & Co JPM have also started giving clients access to crypto funds.
In the month of June, ETC Group launched the first bitcoin ETP in the U.K. on the Aquis Exchange in London.