Goldman Sachs Files DeFi ETF And Blockchain Equity

 Goldman Sachs did not hesitate to further expand its exposure in the crypto sector through various forms when it reportedly submitted a filing to the Securities and Exchange Commission (SEC) to establish the Innovate DeFi and Blockchain Equity ETF yesterday.

The banking firm wants to invest at least 80% of its total assets in securities including indices based on the ETF (Exchange Traded Fund).

The filing emphasizes that the action is intended to provide investment returns commensurate with the implementation of Solactive Decentralized Finance and Blockchain Index.

Goldman Sachs considers several suitable markets including: Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the United Kingdom (UK), and the United States (US).

The decision comes a week after Grayscale launched a special fund for investor exposure to decentralized finance (DeFi).

So far the SEC is said to have endorsed over a dozen Bitcoin ETFs and it was found several fund management firms are still making ongoing filings for the agency’s endorsement.

For example last week, fund management firm Global X submitted a Bitcoin ETF application, a week after the launch of the blockchain ETF.

Meanwhile investment advisory firm, Viridi Funds has launched an ETF that focuses on capital allocation for cryptocurrency miners using more renewable energy.

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