Representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on … + September , . Photo illustration by Jakub PorzyckiNurPhoto via Images

Wall Street titan Goldman Sachs seems to be all in now when it comes to Bitcoin and with plans to offer its high-net worth clients access to the digital coins through a third-party issuance from Galaxy Digital. Will Goldman Sachs endorsement of Bitcoin and , increase confidence in other major financial institutions to start offering their wealthy clients a similar path into the world of crypto?

Back in June, Goldman partnered with Galaxy Digital to launch and manage Goldman s Bitcoin futures offering. Even though Goldman was not linked to Galaxy s ETH fund when it launched with assets totaling more than $ million, it will get an undisclosed finder s fee for accounts sent to Galaxy.

The February Form D filing statement for the Galaxy Institutional Fund stated Goldman Sachs & Co. LLC will receive an introduction fee with respect to certain clients introduced to Issuer; CAIS Capital LLC will receive certain placement fees with respect to clients referred to Issuer, each as disclosed to their applicable clients.

Goldman’s Bitcoin Bet: Remember Goldmans Sachs claims that Bitcoin currently has a % share of the store of value market, according to Goldman Sachs analyst Zach Pandl. This means the asset, Bitcoin, can maintain its worth over time without depreciating, in comparison to precious metals or some currencies. He wrote that within a few years if its share of the store of value market were to “hypothetically” reach % the cryptocurrency could reach this six-figure milestone.

Even though Bitcoin remains highly volatile, it’s far from its all-time high in November of $,. Goldman restarted its cryptocurrency trading desk in due to several inquiries received from hedge funds, foundations and endowments which had received donations from Bitcoin millionaires.