Morgan Stanley, Goldman Sachs, and Grayscale are negotiating over a Bitcoin ETF in the spot market

According to an informed source, cryptocurrency asset management company Grayscale Investments is in talks with companies such as JPMorgan and Goldman Sachs, hoping to play a key role in its proposed Bitcoin exchange-traded fund. The person who asked for anonymity discussing private conversations said that both companies are considered authorized participants, i.e., companies with the right to create and redeem shares of the fund. BlackRock previously designated JPMorgan Securities and Jane Street Capital as APs for its proposed Bitcoin ETF. CoinDesk reported earlier that Goldman Sachs was negotiating with Grayscale and BlackRock.