Grayscale Investments is reportedly in talks with JPMorgan and Goldman Sachs about them acting as 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 ETF.
Bloomberg reported on Jan. 4 that Grayscale had 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 SEC but didn't list any authorized participants.
Meanwhile, an earlier media report also suggests Goldman Sachs is also in discussion with BlackRock to act as an authorized participant for its own respective ETF, citing sources familiar with the matter.
