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

Odaily Odaily According to CoinDesk, citing anonymous sources, investment firm Goldman Sachs is in talks with BlackRock and Grayscale Investments to discuss playing a key role in their proposed spot Bitcoin exchange-traded fund (ETF). If approved, Goldman Sachs will serve as an “authorized participant” in BlackRock and Grayscale Investments’ spot Bitcoin ETF, meaning the Wall Street giant will be “allowed to purchase and redeem shares directly from the ETF,” the U.S. Securities and Exchange Commission said in a statement. explained in the document. Although the SEC has not yet approved any spot Bitcoin ETF, experts believe the regulator will make a decision between January 8 and 10. Goldman Sachs' role as an authorized participant also requires approval. (The Block)