Goldman Sachs’ Optimistic About Spot Bitcoin and Ethereum ETF Approval

Mathew McDermott, Head of Digital Assets at Goldman Sachs, is optimistic about the potential approval of spot Bitcoin and Ethereum ETFs by the SEC as a pivotal development that will broaden liquidity and attract institutional interest for significant growth in the digital assets space in 2024. McDermott highlights the growing acceptance of digital assets by traditional financial institutions, driven by regulatory clarity and the recognition of blockchain technology’s potential to create efficiencies. He anticipates further developments in digital asset marketplaces, especially among buy-side investors, in the coming year. As traditional financial institutions increasingly embrace digital assets and regulatory clarity improves, the crypto market is expected to undergo transformative changes throughout the year. (Source: Cryptopolitan)