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Goldman Sachs role in BlackRock ETF makes approval more likely

From invezz.com

Big news for the crypto market: Rumor has it that banking giant Goldman Sachs is planning to join up with BlackRock and Grayscale to become involved in Bitcoin ETFs. This move is a big nod to how cryptos are becoming more mainstream and could greatly shake things up in the market, especially for some of the best altcoins. Goldman Sachs plans to become an authorized participant (AP) for Bitcoin ETFs. This role is crucial in the ETF world, as it involves managing ETF shares to ensure they match their underlying assets. Goldman Sachs’s involvement is a big boost for the industry, joining other major players, including ... (full story)

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  • Category: Fundamental Analysis