Banking behemoth Goldman Sachs has expressed an interest in getting actively involved as an authorized participant in the proposed spot Bitcoin ETFs introduced by BlackRock and Greyscale.
The Authorized Participant Role
The ongoing saga of Bitcoin exchange-traded funds (ETFs) is taking an interesting turn as reports suggest that Goldman Sachs is positioning itself to become an authorized participant (AP) for Bitcoin ETFs introduced by BlackRock and Grayscale.
These ETF applications are currently awaiting the final green light from the US Securities and Exchange Commission (SEC). If approved, they will require authorized participants to facilitate the creation and redemption of ETF shares. This critical role ensures that the trading of ETF shares aligns with the underlying assets, maintaining the integrity of the investment vehicle.
Goldman Sachs Targets Key Partnerships
Recent reports reveal Goldman Sachs’ strategic focus on partnering with BlackRock, the world’s largest asset manage
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