Coindesk Logo

Goldman Sachs Applies for DeFi ETF

Goldman Sachs Applies for DeFi ETF

Goldman Sachs Applies for DeFi ETF

The filing joins more than a dozen crypto ETF applications sitting before the SEC.

The filing joins more than a dozen crypto ETF applications sitting before the SEC.

The filing joins more than a dozen crypto ETF applications sitting before the SEC.

AccessTimeIconJul 26, 2021, 10:14 PM
Updated Aug 21, 2021, 6:33 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Investment banking giant Goldman Sachs has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would offer exposure to public companies in decentralized finance and blockchain around the globe.

Sparse on details, the filing noted that the fund would invest at least 80% of its assets into companies that advance blockchain technology and the digitization of finance.

"The Goldman Sachs Innovate DeFi and Blockchain Equity ETF (the 'Fund') seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Decentralized Finance and Blockchain Index (the 'Index')," the filing said.

The markets that Goldman would be picking from would include Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the United Kingdom and the United States.

The SEC is reviewing more than a dozen bitcoin ETF applications and has delayed decisions on several of them. Both VanEck and WisdomTree have filed for Ethereum ETFs, but Goldman's filing seems to be the first DeFi-related ETF application.

CoinDesk revealed last week that Goldman is reportedly clearing and settling cryptocurrency exchange-traded products for some hedge fund clients in Europe.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.