Funding banking large Goldman Sachs has filed an application with the U.S. Securities and Alternate Comission (SEC) for an exchange-traded fund (ETF) that may provide publicity to public firms in decentralized finance and blockchain across the globe.
Sparse on particulars, the submitting famous that the fund would make investments at the least 80% of its belongings into firms that advance blockchain expertise and the digitization of finance.
“The Goldman Sachs Innovate DeFi and Blockchain Fairness ETF (the ‘Fund’) seeks to supply funding outcomes that intently correspond, earlier than charges and bills, to the efficiency of the Solactive Decentralized Finance and Blockchain Index (the ‘Index’),” the submitting mentioned.
The markets that Goldman can be choosing from would come with Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the UK and the US.
The SEC is at the moment reviewing over a dozen bitcoin ETF functions and has delayed choices on a number of of them. Each VanEck and WisdomTree have filed for Ethereum ETFs, however Goldman’s submitting appears to be the primary DeFi-related ETF software.
CoinDesk revealed final week that Goldman is reportedly clearing and settling cryptocurrency exchange-traded merchandise for some hedge fund shoppers in Europe.