Goldman Sachs files for DeFi and blockchain equity ETF

Tue 27 Jul 2021 ▪ 12h11 ▪ 2 min de lecture - par Violaine Silverstein

Wall Street investment bank Goldman Sachs has filed an application with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF). The fund is expected to promote public companies in decentralized finance (DeFi) and blockchain worldwide.

DeFi or not DeFi?

According to the filing, at least 80% of the fund’s assets will be invested into companies that advance blockchain technology and the digitisation of finance.

“The Goldman Sachs Innovate DeFi and Blockchain Equity ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Decentralized Finance and Blockchain Index,” the filing says.

It is not clear yet what that index is comprised of. No index with that name can be found on Solactive’s list of active indices.

“The Index is designed to deliver exposure to companies that are aligned with two key themes, the implementation of Blockchain Technology and the Digitalization of Finance,” the filing reads.

The ETF will be comprised of “common equity securities, including depositary receipts, of companies located across developed and emerging markets worldwide,” such as Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the UK and the US.

Goldman Sachs crypto research

Earlier this month, Goldman published the results of a study that found 60% of surveyed family offices were looking into crypto, while 15% have already invested in the field.

Coindesk reported on Friday, 23rd July 2021 that Goldman Sachs Group Inc’s prime brokerage division is also clearing and settling cryptocurrency exchange-traded products (ETPs) for some of its European hedge fund clients.

The investment bank Goldman Sachs has been moving toward the crypto world in recent months. Now the banking giant has filed an application with the US Securities and Exchange Commission (SEC) for a DeFi and blockchain equity ETF.

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Violaine Silverstein

Quand j’ai commencé dans les cryptos il y a 3 ans, il y avait plus de 95% d’hommes et encore très peu de femmes, bon ça n'a toujours pas beaucoup changé, mais les choses bougent et je suis fière de representer les femmes dans ce milieu très technique qui est passionnant et plein d'avenir.

DISCLAIMER

Les propos et opinions exprimés dans cet article n'engagent que leur auteur, et ne doivent pas être considérés comme des conseils en investissement. Effectuez vos propres recherches avant toute décision d'investissement.

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