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Goldman Sachs applies for DeFi ETF


7/27/2021 2:37:34 AM GMT
The filing joins over a dozen crypto ETF applications sitting before the SEC.
Investment banking giant Goldman Sachs has filed an application with the U.S. Securities and Exchange Comission (SEC) for an exchange-traded fund (ETF) that would offer exposure to public companies in decentralized finance and blockchain around the globe.
Sparse on details, the filing noted that the fund would invest at least 80% of its assets into companies that advance blockchain technology and the digitization of finance.
“The Goldman Sachs Innovate DeFi and Blockchain Equity ETF (the ‘Fund’) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Decentralized Finance and Blockchain Index (the ‘Index’),” the filing said. ....

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First Midwest Bank Discloses Grayscale Bitcoin Trust (GBTC) Holdings - The Street Crypto: Bitcoin and cryptocurrency news, advice, analysis and more


First Midwest Bank Discloses Grayscale Bitcoin Trust (GBTC) Holdings
First Midwest purchased 7,693 shares of Grayscale Bitcoin Trust, SEC filing shows
Author:
Chicago-area bank
bitcoin exposure to its portfolio, according to an April 15 filing with the
Securities and Exchange Comission (SEC). 
First Midwest Bank acquired
$3.8 million on March 31, the regional bank s latest SEC filing shows.
The GBTC was a new acquisition was a new one for First Midwest, and records show likely its first foray into
cryptocurrency exposure. First Midwest did not immediately return a request for comment. 
The acquisition represents about one half of one percent of First Midwest s Trust Division s approximately ....

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Protesters gather at Robinhood HQ, SEC, NYSE

Small peaceful protests have formed outside of Robinhood headquarters in Menlo Park, California, the Securities and Exchange Comission headquarters in Washington D.C. and the New York Stock Exchange Thursday following a call made in a now-deleted post on the speculative investing sub-Reddit forum WallStreetBets. ....

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