Goldman Sachs (GS) is in talks to be an “authorized participant,” or AP, for the bitcoin ETFs that BlackRock (BLK) and Grayscale want to introduce in the U.S. if the SEC approves them, according to CoinDesk’s Ian Allison, citing two people familiar with the situation. The role, which involves creating and redeeming ETF shares to ensure the products trade in lockstep with their underlying assets, is “one of the most important jobs in the multi-trillion-dollar ETF industry,” the report said.
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