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Goldman Sachs Filed For New Defi ETF With The SEC

Goldman Sachs Filed For New Defi ETF With The SEC The Investment Banking giant, Goldman Sachs filed an application with the US SEC for a Defi ETF. The ETF would give exposure to the performance of companies, working on blockchain technology and the decentralization of finance.

Goldman Sachs named the ETF Innovate DeFi and Blockchain Equity ETF (the ‘Fund’). It  “seeks to provide investment results that closely correspond. In addition To fees and expenses, to the performance of the Solactive Decentralized. Finance and Blockchain Index (the ‘Index’),” the filing said.

The filing states that the fund would at least invest 80% of its assets into companies. Exclusive of collateral held from securities lending.  In securities, depositary receipts, and stocks. defi fund In addition Of companies are included in the index. Goldman’s use of the term “DeFi” relates to the “Digitalization of Finance,” according to the filing.

“The eligible universe of stocks is comprised of common equity securities, including depositary receipts, of companies located across developed and emerging markets worldwide, listed and traded on major exchanges in certain developed markets,” states the filing notes. announced In addition According It includes Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, Netherlands, the United Kingdom, and the United States.

It also announced plans to offer options and futures trading in Ethereum, the second-largest cryptocurrency. Goldman is planning to offer an ETF service as soon as the SEC approves the filing. Grayscale defi ETF Goldman Sachs filed Monday with the SEC to launch. An ETF with exposure to blockchain. Decentralized finance companies internationally.

The Goldman Sachs Defi and Blockchain Equity ETF would track the Solactive Decentralized Finance Blockchain Index. defi index fund According This offers exposure to companies aligned around two different themes: the implementation of blockchain technology and the digitalization of finance.

Solactive AG uses a four-step rules-based methodology to determine the components of the Index. defi ETF price According to these rules, companies must have an average daily trading volume of at least $1 million and a total market capitalization of at least $500 million to be eligible.

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