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Goldman Sachs Joins Bitcoin ETFs: Talks with BlackRock and Grayscale! - Coin Newsletter
U.S. banking giant Goldman Sachs will play a key role for BlackRcok and Grayscale's spot Bitcoin ETFs.
According to Coindesk's sources, Goldman Sachs, one of Wall Street's largest banks, is likely to play an important role for BlackRock and Grayscale's spot Bitcoin ETF.
According to unnamed sources, the bank is in talks with BlackRock and Grayscale to become an authorized participant for ETFs. If the negotiations are positive, ETFs will be able to be bought and sold through the bank if the US Securities and Exchange Commission (SEC)** approves a spot Bitcoin ETF.
The development is estimated to be one of the biggest events in the ETF industry already. In addition, it is predicted that many more giant companies and banks will emerge in the future for the spot Bitcoin ETF.
Spot Bitcoin ETFs have yet to be approved by the U.S., but experts are confident that the regulator will approve them by Jan. 10.
According to FOX Business, the SEC met with exchange officials regarding the spot Bitcoin ETF yesterday.