Goldman Sachs requests the foundation of a Defi-ETF
Goldman Sachs requests the foundation of a Defi-ETF
Goldman Sachs has applied for the US IPO Segliche SEC to create a stock market-traded fund that is intended to provide investors access to blockchain shares and decentralized financing
The Wall Street Investment Bank Goldman Sachs has requested the United States Securities and Exchange Commission (SEC) to create a stock exchange-traded fund (ETF) that aims to finish finance (Defi) and blockchain-owned capital.
of the funds strives to deliver investment results that largely correspond to the fees and expenses of the performance of the Solactive Decentralized Finance and Blockchain Index (" Index "). ."
At the moment it is unclear what the index is made of. “ The index should offer an engagement in companies that are geared towards two key topics, the implementation of blockchain technology and the digitization of financial system (the“ topics ”). ”, added Goldman Sachs. The investment bank calls Defi the digitization of the financial system and defines it as a digital transformation of classic financial services. Goldman Sachs said that digitization is spreading to areas such as the support and provision of payments, transaction services, lending and insurance. The shares available in the ETF would not be limited to companies that work in the United States. According to Goldman Sachs, the ETF would cover companies in industrial and emerging countries worldwide as well as those that are noted in industrialized countries such as Germany, Hong Kong, Great Britain, Japan, South Korea, Canada, France, Australia, Switzerland and the Netherlands. Goldman Sachs has strengthened its presence in the cryptocurrency area. Earlier this month, survey by Goldman Sachs showed that 15 % of their family office customers have already invested in cryptocurrencies and 45 % more are interested in entering the market. The US Sec has not approved ETFs focused on cryptocurrencies. The second currently has nine Bitcoin and two Ether ETF suggestions that it checks. The governmental authority has postponed the decisions on three Bitcoin ETF proposals this year.
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Source: Coinlist.me