Summary
TLDR: Traditional finance players like Goldman Sachs are entering the spot bitcoin ETF realm as authorized participants for BlackRock’s iShares Bitcoin Trust. The fund has seen consistent net inflows and now has over $14 billion in net inflows. Additional authorized participants may be added in the future.
Key Points
1. More traditional finance players, such as Goldman Sachs, are becoming authorized participants for spot bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT).
2. Other authorized participants named for IBIT include UBS Securities, Citigroup Global Markets, Citadel Securities, and ABN AMRO Clearing USA.
3. IBIT has seen significant net inflows, totaling over $14 billion since its launch, making it one of the highest flow gatherers in the category.