Goldman Sachs Could Join Bitcoin ETF Party; Bitcoin Breaks Above $43K Again

Bitcoin comes back to life and another Wall Street giant could play a role in spot. Bitcoin ETF S. You're watching Coin Desk Daily, I'm your host, Jen Sani Goldman Sachs looks likely to play a key role for the Bitcoin ETF s that Black Rock and Gray Scale want to introduce in the United States. That's according to Coindesk sources, the high profile Wall Street Investment Bank is in talks to be an authorized participant, which is one of the most important jobs in the ETF industry. It's a role that involves creating and redeeming ETF shares to ensure the products trade in lockstep with their underlying assets. Goldman Sachs has not responded to Coin Desk's requests for comment. Bitcoin is back above $43,000 again, recovering some losses after a leverage flush sent it down as much as 7% on Wednesday. Yesterday's fall started at the same time. Research firm Matrix Port said it expected the SEC to reject all proposals in January for a spot. Bitcoin ETF. However, other analysts believe an approval is imminent because there's too much pressure on the SEC to keep punting on a decision. And Kathy Woods Ark invest is offloading more coin based shares. Investment firm sold over $25 million worth of the stock from two of its ETF S on Wednesday dropping over 100 and 66,000 shares from its innovation ETF and next generation internet ETF. That's a wrap for coin desk daily. Stay tuned to coindesk.com for more ETF updates and we'll see you next time.