The company is in talks to be an authorized participant, or AP, for the exchange-traded funds, according to the people, who requested anonymity. That’s one of the most important jobs in the multi-trillion-dollar ETF industry, a role that involves creating and redeeming ETF shares to ensure the products trade in lockstep with their underlying assets.
Goldman Sachs (GS) Eyeing Bitcoin ETF Role Via BlackRock (BLK), Grayscale (GBTC): Sources
