Two leading spot Bitcoin exchange-trade fund (ETF) applicants, Grayscale and BlackRock, are reportedly considering adding Goldman Sachs as an authorized participant. This role would involve Goldman Sachs creating and redeeming shares for each spot Bitcoin ETF based on market demand. While the addition of Goldman Sachs has not been publicly announced by the companies involved, it would be a significant addition to any ETF provider’s offering, given that Goldman Sachs is among the world’s thirty largest banks.
Some ETF applicants have already named other authorized providers. For example, BlackRock named Jane Street Capital and JPMorgan, while Valkyrie named Jane Street Capital and Cantor Fitzgerald. Invesco listed Virtu and JPMorgan, and WisdomTree and Fidelity listed Jane Street Capital. Grayscale, on the other hand, did not include the names of authorized providers in its latest amendment, but it is expected to rely on Jane Street and Virtu based on previous reports.
The U.S. Securities and Exchange Commission (SEC) is expected to reach a decision on a spot ETF application from Ark Invest and 21Shares by Wednesday, Jan. 10. Many experts believe that the SEC will approve multiple ETFs at that time, with some even speculating the possibility of an earlier approval by Friday, Jan. 5.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | Jane Street Capital, BlackRock, Grayscale, Goldman Sachs, Reuters |
| Currencies | Bitcoin |
| Securities | None |
