Goldman Sachs Applied for Blockchain and DeFi ETF

by in Blockchain News

Goldman Sachs blockchain ETF

On July 26, NY-based leading bank Goldman Sachs filed with the SEC to launch an ETF that would give exposure to investment data that closely reflect, before charges and expenses, the movements of the Solactive Decentralized Finance and Blockchain Index.

Related: Mike McGlone expects Bitcoin to skyrocket to $60,000

In the part describing main investment strategies, the institution reveals its intention of realizing the investment goal by investing 80% and more of its assets into enterprises that work towards blockchain and finance digitization.

Goldman will consider developed and early-stage markets worldwide. Additionally, firm and stock screens are applied to set minimal liquidity and investability needs for stocks.

The news came a few days later after the banking giant revealed the results of a survey carried out with 150 private wealth management advisory firms. It showed that 15% of participants have made investment in digital assets and 45% have the intention.

This shows another time the high interest in crypto. The entire crypto market cap currently stands at over $1.46 trillion.