"Bitcoin ETF Speculation Influences Market as Investors and Analysts Weigh In"

Goldman Sachs is reportedly in discussions to become an authorized participant (AP) for Bitcoin ETFs proposed by BlackRock and Grayscale, indicating a significant move by the Wall Street giant into the cryptocurrency space. As an AP, Goldman would be responsible for creating and redeeming ETF shares, a crucial function for the ETFs to reflect the value of their underlying assets accurately. This development follows the trend of major U.S. banks showing increased interest in cryptocurrencies, facilitated by a cash-based mechanism for handling Bitcoin, which is expected to help gain SEC approval for these ETFs.