DeFi

Goldman Sachs applies for DeFi ETF

  • Goldman Sachs has filed an application with the SEC for a DeFi ETF
  • 80% will be invested into advanced blockchain technology and the digitization of finance
  • The SEC is currently reviewing numerous bitcoin ETF applications and has delayed decisions on several of them

Investment bank Goldman Sachs has filed an application with U.S. Securities and Exchange Commission for an exchange-traded fund (ETF) that would provide exposure to listed companies in decentralized finance and blockchain technology. 

An ETF for exposure in Blockchain technology and the digitalization of finance

The current name of the ETF in the filing is the Goldman Sachs Innovate DeFi and Blockchain Equity ETF. The filing also explained that the fund would invest at least 80% of its assets into companies that advance blockchain technology and the digitization of finance. 

The markets that Goldman could potentially be picking from include Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the United Kingdom, and the United States.

Many ETF applications are still under review

The SEC is currently reviewing numerous bitcoin ETF applications and has delayed decisions on several of them. Both WisdomTree and VanEck have filed Ethereum ETF applications, and Grayscale has unveiled a DeFi fund that tracks the DeFi index. For now, we await further developments on the current ETFs, and the DeFi ETF from Goldman Sachs is still a developing story.

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