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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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Goldman Applies For Blockchain And DeFi ETF


by Tyler Durden
Monday, Jul 26, 2021 - 10:15 PM
Just days after we learned that Goldman is quietly clearing and settling cryptocurrency exchange-traded products for some hedge fund clients in Europe, on Monday the bank which has been increasingly ramping up its exposure to crypto currencies in recent months, filed an application with the SEC for a crypto ETF, and not just any ETF but one that would offer exposure to public companies in decentralized finance (defi) and blockchain around the globe.
Yes, Goldman very unironically wants to offer clients exposure to the same defi technology whose only purpose is to make banks such as Goldman Sachs obsolete by decentralizing all financial transformation functions and services. ....

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