US investment bank Goldman Sachs has filed with the SEC to launch a new exchange-traded fund (ETF) that will be pegged to shares in blockchain and DeFi companies.
The filing notes that the fund “must deliver investment results that, apart from fees and costs, closely match those of the Solactive Decentralized Finance and Blockchain Index.” At the same time, it is not clear which stocks of which companies are being tracked by the index – there is no product with that name in the list of active Solactive indices.
“The index is designed to provide access to stocks in companies operating in two key areas: blockchain adoption and DeFi,” the filing said.
The document emphasizes that the ETF will track not only American companies, but also foreign ones, traded in developed financial markets, for example, in Japan, Canada, Australia and South Korea. Apparently, Goldman Sachs is looking for new ways to meet the demand for access to the cryptocurrency industry.
A recent survey of a US bank showed that half of family-owned wealth management companies are interested in investing in cryptocurrencies, and 15% of such firms have already invested in digital assets.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
