Goldman Sachs Could Play Key Role in BlackRock and Grayscale’s Bitcoin Spot ETFs

BroadChain Finance has learned that Goldman Sachs is in talks with BlackRock and Grayscale Investments to play a key role in their proposed bitcoin exchange-traded fund (ETF), according to a report by CoinDesk on January 4, according to The Block, citing anonymous sources.

If approved, Goldman Sachs would be an “authorized participant” in BlackRock and Grayscale Investments’ spot Bitcoin ETF, meaning the Wall Street giant would be “permitted to purchase and redeem shares directly from the ETFs. “, the SEC explained in a filing.Bitcoin Miner

Although the SEC has yet to approve any spot bitcoin ETFs, experts believe the regulator will make a decision between January 8th and 10th. Goldman Sachs’ role as an authorized participant will also need to be approved.