Tuesday, June 10, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Goldman Sachs Eyes Active Participant Role In Spot Bitcoin ETFs

January 3, 2024
in Bitcoin
Reading Time: 2 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


In a current improvement, investment banking large Goldman Sachs has expressed its curiosity in taking part in a vital position within the forthcoming Spot Bitcoin Alternate Traded Funds (ETFs) launched by BlackRock and Grayscale.

If permitted by the US Securities and Alternate Fee (SEC), Goldman Sachs goals to develop into an “licensed participant” (AP) for these high-profile funding merchandise.

Goldman Sachs Eyes Key Partnerships In Bitcoin ETFs Market

Licensed individuals are chargeable for creating and redeeming ETF shares, guaranteeing that the buying and selling of those merchandise aligns with the underlying property. 

By reportedly searching for the AP position, Goldman Sachs goals to affix the ranks of different monetary powerhouses like JPMorgan Chase, which have proven curiosity in serving as APs for potential ETF issuers.

Based on current reviews, Goldman Sachs is particularly focusing on partnerships with BlackRock, the world’s largest asset supervisor, and Grayscale, a distinguished participant within the cryptocurrency funding area with its $26 billion Bitcoin Belief. 

Race For The AP Position

Goldman Sachs isn’t alone in its pursuit of the AP position. Different main monetary establishments are additionally vying for a similar place within the dozen or so purposes presently into account by the SEC forward of the looming deadline. 

The trade expects extra companies to emerge within the coming days, searching for to ascertain themselves as licensed individuals for the permitted ETFs. 

Every Bitcoin ETF is predicted to have 5 to 10 licensed individuals, highlighting the rising curiosity from conventional finance companies as they anticipate potential approval.

Goldman Sachs’ pursuit of a key position in BlackRock and Grayscale’s Spot Bitcoin ETFs underscores the rising curiosity and recognition of digital property inside the conventional finance sector. 

Because the trade eagerly awaits regulatory approval, the involvement of such distinguished establishments indicators a major step towards mainstream adoption of cryptocurrencies. The choice of the SEC concerning the approval of those Bitcoin ETF purposes will undoubtedly have a profound affect on the way forward for Bitcoin and the broader digital asset market.

The 1-day chart exhibits BTC’s worth restoration. Supply: BTCUSDT on TradingView.com

Bitcoin is presently buying and selling at $42,600, after briefly touching $40,800 on Wednesday morning. 

Featured picture from Shutterstock, chart from TradingView.com 



Source link

Tags: ActiveBitcoinETFsEyesGoldmanParticipantroleSachsspot
Previous Post

ETH Layer-2 – What are Ethereum Layer-2 Solutions?

Next Post

IBM’s new Watson Large Speech Model brings generative AI to the phone 

Related Posts

Solana Breakout Targets $164 – Is A Recovery Around The Corner?
Bitcoin

Solana Breakout Targets $164 – Is A Recovery Around The Corner?

June 10, 2025
Belgravia Hartford Capital Makes First Bitcoin Purchase in New Treasury Strategy
Bitcoin

Belgravia Hartford Capital Makes First Bitcoin Purchase in New Treasury Strategy

June 10, 2025
XRP Price Could Surge To $15 As Crypto Analyst Predicts ‘XRP Summer’
Bitcoin

XRP Price Could Surge To $15 As Crypto Analyst Predicts ‘XRP Summer’

June 9, 2025
KULR Technology Group Announces $300 Million ATM Offering To Invest In Their Bitcoin Treasury
Bitcoin

KULR Technology Group Announces $300 Million ATM Offering To Invest In Their Bitcoin Treasury

June 9, 2025
$106K Bitcoin A ‘Safer’ Buy Than $25K—XRP Lawyer Drops Bombshell
Bitcoin

$106K Bitcoin A ‘Safer’ Buy Than $25K—XRP Lawyer Drops Bombshell

June 9, 2025
Tokenisation Catapults Dubai’s Real Estate Market to $18B in May 2025
Bitcoin

Tokenisation Catapults Dubai’s Real Estate Market to $18B in May 2025

June 10, 2025
Next Post
IBM’s new Watson Large Speech Model brings generative AI to the phone 

IBM’s new Watson Large Speech Model brings generative AI to the phone 

Crypto Pundit Says Cardano Rivals XRP Community, But Why Is ADA Price Struggling?

Crypto Pundit Says Cardano Rivals XRP Community, But Why Is ADA Price Struggling?

Popular Analyst Puts Solana At $1,000 And XRP At $7, Here’s The Roadmap

Popular Analyst Puts Solana At $1,000 And XRP At $7, Here's The Roadmap

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In