Major financial institution Goldman Sachs submitted papers with the U.S. SEC for an investment output that will allow indirect exposure to BTC. The due date is March 26, 2026.
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Goldman Sachs' project will run with the name "Autocallable Contingent Coupon Coupon ETF-Linked Notes". It traces ARK Innovation, which is an effectively adaptable ETF built by asset manager ARK Invest.ETF stands for exchange trade fund. Its function is to allow investors to exchange shares that introduce the cost of the definite asset. The filing by Goldman isn't for an ETF, but a means that would be connected with an ETF allowing BTC shares.
Describing the concept Goldman Sachs wrote in the paper that the flexible ETF will invest commonly (at a minimum of 65% of the assets) in local and international equity securities of firms that are focused on the ETF’s funding in disruptive updates.
As reported in the statement, the ETF is supposed to have access to crypto via funds in a grantor trust and undergo changes with time.
Earlier this month Goldman Sachs talked about the growing demand for cryptocurrencies. Then the company disclosed its plans to launch industry-related services.