Bitcoin Spot ETF: Goldman Sachs Interested in Joining, Cash Mode Facilitates More Traditional Financial Institutions’ Participation

According to a report by CoinDesk, the Wall Street investment bank Goldman Sachs has the opportunity to play an important role in the upcoming Bitcoin spot ETFs to be launched by BlackRock and Grayscale. Industry insiders expect that each Bitcoin spot ETF will eventually have 5 to 10 Authorized Participants (APs) participating, and the cash mode will facilitate the involvement of more traditional financial institutions.