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IPFS News Link • Central Banks/Banking

Goldman Sachs Files Defi ETF Application

• https://news.bitcoin.com, by Sergio Goschenko

The instrument, if approved, would help institutions and retail investors gain exposure to defi assets with the help of a regulated bank like Goldman Sachs.

Goldman Sachs Proposes Defi ETF
Goldman Sachs, one of leading commercial banks in the world, has introduced an application to the SEC to offer a defi-linked ETF. The defined ETF is called "Goldman Sachs Innovate Defi and Blockchain Equity ETF," and it would seek to provide exposure to these technologies for regulated institutions. The performance of the fund would be linked to the Solactive Blockchain Technology Performance-Index.

This index follows a portfolio of tech industries that are invested in blockchain technologies. The index includes companies like Nokia, Alphabet, IBM, Microsoft, and Overstock. This would be the first ETF that aims to capitalize on the popularity that the defi sector has experienced this year. As Bitcoin.com News reported in June, Goldman Sachs has been courting the cryptocurrency sector recently, having partnered with Galaxy Digital to provide bitcoin futures products.

Big Banks Go for Crypto Domination

This filing is just another piece of evidence that indicates big banks are now interested in bringing their services and structures to the cryptocurrency market. While many of these disregarded cryptocurrency in the beginning, they are now focused on integrating investment products that are designed to bring traditional investors to the crypto sphere.


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