According to a report by CoinDesk, Goldman Sachs, the Wall Street investment bank, has the opportunity to play a significant role in the upcoming Bitcoin spot ETFs to be issued by BlackRock and Grayscale. Industry insiders expect each Bitcoin spot ETF to eventually have 5 to 10 Authorized Participants (AP) participating, and the cash mode will facilitate the participation of more traditional financial institutions.
Goldman Sachs Joins the Race for Bitcoin ETF, Encouraging Traditional Financial Institutions to Embrace Cryptocurrency