Grayscale in Talks With JPMorgan (JPM), Goldman (GS) Over Bitcoin ETF Role

Crypto asset manager Grayscale Investments is in talks with firms, including JPMorgan and Goldman Sachs, to potentially play a key role in its proposed Bitcoin exchange-traded fund, according to a person familiar with the matter.

Both are being considered to be authorized participants — firms that have the power to create and redeem shares of the fund, said the person, who asked to remain anonymous to discuss the private talks.