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4 months agoCryptocurrency
Goldman Sachs Wants Role as Authorized Participant for BlackRock & Grayscale's Spot Bitcoin ETF
Goldman Sachs is in advanced discussions to become an authorized participant for proposed spot Bitcoin ETFs from BlackRock and Grayscale Investments.
Being an authorized participant allows firms to facilitate the creation and redemption of ETF shares by exchanging them for BTC.
Goldman Sachs, BlackRock, and Grayscale's partnership signals increasing institutional interest in Bitcoin and a maturing market. [ more ]