A Comprehensive Analysis of the ETF Trading Market: Examining Bitcoin Spot ETF from BlackRock’s IBIT Perspective

According to information from Bloomberg Terminal, the current main authorized participants (AP) include Jane Street, Virtu, Macguire, JPMorgan, Cantor Fitzgerald, ABN AMRO, and Marex, among which there are outstanding players in traditional finance. Moreover, this list may continue to grow in the future, as it has been rumored that Goldman Sachs is also interested in participating as an AP for Bitcoin spot ETF.