Goldman Sachs is in talks to become an authorized participant for potential bitcoin ETFs to be issued by BlackRock and Grayscale, CoinDesk reported.
A spot ETF would create regulated shares that follow bitcoin’s price without investors having to buy the asset directly. As a potential AP, Goldman Sachs would be responsible for the creation and redemption of ETF shares.
CoinDesk’s report — citing unnamed sources — suggested that the investment bank could be interested in signing on as an AP for either BlackRock or Grayscale.
But this isn’t the first time Goldman Sachs has been mentioned alongside spot bitcoin ETFs. A Dec. 22 amendment to Hashdex’s S-1 lists Goldman Sachs…
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