Goldman Sachs files for DeFi and blockchain equity ETF


Following on Grayscale footsteps, Goldman Sachs has filed for DeFi and Blockchain equity ETF. The filing was done with the security and Exchange Commission. As per the recent news that was out on 26th July 2021 the filing of DeFi was named “Innovate DeFi and blockchain equity ETF”. The focus is for the investors to get exposure on the theme of blockchain technology with the digital medium. All about Filing The fund is linked with various other companies and sectors. The Goldman Sachs Defi works on a blockchain equity fund. Not only, Goldman, but various developed countries are also included in investment. The countries like South Korea, Switzerland, United Kingdom, United States, France, Australia. The exchange and traded fund will invest 80% of its assets into security and stocks. Goldman said that the design of the fund intensifies “the performance of the Solactive decentralized finance and blockchain index”. The technology used here is Solactive's Blockchain technology. In June there was a profit of $28 million from this sector. Feature of ETF ETF stands for exchange-traded fund. It is a type of investment product that can track the group of assets. The stock on the traditional exchange can also be traded with the help of this fund.
The security and Exchange Commission has a backlog of applications for Bitcoin exchange-traded funds. They will provide the investor to access BTC. BTC will help to store and secure the digital assets themselves with no intervention of a third party.

Shivangi Mujumdar
CBW - External Analyst
INDIA