Grayscale Investments is reportedly in talks with JPMorgan and Goldman Sachs about being authorized participants for its proposed spot Bitcoin ETF.
Crypto asset manager Grayscale Investments is reportedly in talks with firms, including JPMorgan and Goldman Sachs, about a potential role in its proposed spot Bitcoin (BTC) exchange-traded fund (ETF).
Bloomberg reported on Jan. 4 that Grayscale held talks with both investment banks for the role, citing sources familiar with the matter. It comes less than a week after Grayscale filed an amended S-3 application with the United States Securities and Exchange Commission but didn’t list any authorized participants.
Meanwhile, an earlier media report also suggests Goldman Sachs is in discussion with BlackRock to act as an authorized participant for its ETF, citing sources familiar with the matter.
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Source: https://cointelegraph.com/news/grayscale-in-talks-jpmorgan-goldman-sachs-authorized-participant-spot-bitcoin-etf