JPMorgan, Goldman in Talks With Grayscale About Bitcoin ETF Role
- Both are being considered to be authorized participants
- Grayscale is seeking to convert its Bitcoin trust to an ETF
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Crypto asset manager Grayscale Investments is in talks with firms, including JPMorgan and Goldman Sachs, to potentially play a key role in its proposed Bitcoin exchange-traded fund, according to a person familiar with the matter.
Both are being considered to be authorized participants — firms that have the power to create and redeem shares of the fund, said the person, who asked to remain anonymous to discuss the private talks.