Goldman Sachs, a prominent investment bank on Wall Street, is expected to play a significant role in the introduction of bitcoin exchange-traded funds (ETFs) by BlackRock and Grayscale in the United States. According to anonymous sources familiar with the matter, the company is in discussions to become an authorized participant (AP) for these ETFs. Being an AP is a crucial responsibility in the trillion-dollar ETF industry, involving the creation and redemption of ETF shares to ensure their alignment with the underlying assets.

Goldman Sachs would join other major financial institutions, such as JPMorgan Chase, Jane Street, and Cantor Fitzgerald, in taking on this role. These firms were recently announced as APs for several companies seeking approval from the Securities and Exchange Commission to offer bitcoin ETFs in the US.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Cantor Fitzgerald, BlackRock, Jane Street, JPMorgan Chase, Grayscale, Goldman Sachs
Currencies	Bitcoin
Securities	None