Goldman Sachs Eyes Bitcoin ETFs

Goldman Sachs is reportedly in talks with BlackRock and Grayscale to play a major role in Bitcoin ETFs. 

The bank is positioning itself to become an authorized participant for upcoming spot Bitcoin ETF issuers.

This could be a significant shift in the cryptocurrency landscape.

The proposed ETFs are expected to be backed by physical Bitcoin, which would make them different from the existing Bitcoin futures ETFs. The bank’s move is seen as a power play in the crypto space.

interested in Bitcoin ETFs. JP Morgan, Jane Street Capital, Virtu Americas, and Cantor Fitzgerald are among the other authorized participants for spot Bitcoin ETF issuers.

The proposed ETFs are expected to be launched soon, and they are expected to be a game-changer for the cryptocurrency market.