Application for Goldman Sachs Bestanden Defi etf

Goldman Sachs, one of the world’s largest banking institutions, has applied for an exchange-traded fund (ETF) offer related to the activities of decentralized financing (Defi) companies. The tool, if approved, would help institutions and retail investors access Defi assets through a regulated bank such as Goldman Sachs.

Goldman Sachs unveils Defi ETF
Goldman Sachs, one of the world’s leading commercial banks, has asked the SEC to offer a Defi-linked ETF. A specific ETF is called a” Goldman Sachs Innovate Defi and BLOCKCHAIN equity ETF ” and will seek to promote these technologies to regulated institutions. The effectiveness of the fund will be associated with the efficiency index of solactive blockchain technology.

This index corresponds to a portfolio of technology industries investing in blockchain technology. The index includes companies such as Nokia, Alphabet, IBM, Microsoft and Overstock. This will be the first ETF to benefit from the popularity the Defi sector has experienced this year. If the June news comes as Goldman Sachs recently teamed up with Galaxy Digital bitcoin futures to decipher the cryptocurrency sector.

Big banks seek crypto dominance
This presentation is further proof that big banks are now interested in bringing their services and structures to the cryptocurrency market. While many initially ignored cryptocurrency, they are now focusing on integrating investment products designed to attract traditional investors to the crypto atmosphere.

Goldman Sachs released a note earlier this month on the state of the cryptocurrency Sunday, which said Ether could overtake Bitcoin as the main cryptocurrency because the former has “the highest potential for actual use.” This vision of the crypto ecosystem will form the basis of an ETF application created by the investment bank focus.

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