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Fortune
Fortune
Marco Quiroz-Gutierrez

Goldman Sachs considering role in Grayscale and BlackRock spot Bitcoin ETF offerings

Bitcoin Grayscale BlackRock Goldman Sachs ETF CoinDesk SEC
(Credit: Ting Shen—Bloomberg/Getty Images)

Despite being somewhat indifferent to Bitcoin previously, Goldman Sachs soon could play a key role in two of the most greatly anticipated spot Bitcoin ETFs.

The investment bank is considering serving as an “authorized participant” for likely Bitcoin ETFs offered by BlackRock and Grayscale, CoinDesk reported, citing people familiar with the matter. In the role of authorized participant, Goldman would create and redeem shares in the product to make sure the price of the ETF accurately tracks the price of its underlying assets—in this case, Bitcoin.

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