How Goldman Sachs Entry to Bitcoin ETF Is Shaping the Future of Finance

In a significant development in the world of Web3, more players from the traditional finance sector are showing interest in spot bitcoin Exchange Traded Funds (ETFs). Although they are yet to start issuing such products, their involvement is a clear indicator of the growing acceptance of cryptocurrencies. Notably, Goldman Sachs has positioned itself as part of the new group of authorized participants for BlackRock’s iShares Bitcoin Trust (IBIT), as stated in a recent regulatory filing.

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