Goldman Sachs Group, Inc (NYSE: GS) is reportedly discussing becoming an authorized participant for upcoming spot Bitcoin (CRYPTO: BTC-USD) exchange-traded funds (ETFs) planned by BlackRock, Inc (NYSE: BLK) and Grayscale.
Goldman Sachs is trading higher by 1.71% and BlackRock by 2.06% on Thursday.
This development involves 14 asset managers, including Ark/21Shares, awaiting the U.S. Securities and Exchange Commission's (SEC) decision on their applications for spot bitcoin ETFs.
These ETFs aim to mirror the actual market price of Bitcoin, offering investors exposure without direct currency purchase, Reuters cites a CoinDesk