Goldman Sachs to introduce a crypto exchange-traded fund

Thursday 29 July 2021 14:01 CET | News

Goldman Sachs’ asset management arm has filed an application with the US Securities and Exchange Commission (SEC) to introduce an exchange-traded fund (ETF) focused on crypto-related companies.

The DeFi and Blockchain Equity ETF would track the Solactive Decentralized Finance and Blockchain Index, per the filing, investing at least 80% of its assets in companies that advance blockchain technology and digitise finance.

Goldman Sachs also restarted its crypto trading desk that was closed in 2018 due to regulatory concerns and announced plans to offer options and futures trading in Ether.

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Keywords: Goldman Sachs, product launch, cryptocurrency, blockchain
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3

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