| Developers: | Goldman Sachs |
| Date of the premiere of the system: | July 2021 |
| Branches: | Financial Services, Investments and Auditing |
Main article: Cryptocurrency ETFs
2021: Launch of an exchange-traded fund with shares of cryptocurrency companies
At the end of July 2021, Goldman Sachs announced plans to launch an exchange-traded fund (ETF) focused on companies developing technologies in the field of DeFi and blockchain.
According to a filing filed by Goldman Sachs with the U.S. Securities and Exchange Commission (SEC), the new Innovate DeFi and Blockchain Equity ETF fund "seeks to deliver investment results that, excluding fees and expenses, closely match the performance of the Solactive Decentralized Finance and Blockchain Index."
Which companies will track the index is unknown. A tool with this name is not included in the Solactive product list.
 | The index is designed to provide access to companies that adhere to two key topics: the introduction of blockchain technology and the digitalization of finance, Goldman Sachs notes. |  |
The filing also states that the ETF basket will include "common stock, including depositary receipts from companies located in developed and emerging markets around the world." Goldman Sachs will invest in companies whose shares are traded on stock exchanges, Australia,, Canada,, France,, Germany,,,, and Hong Kong Japan. South Korea Switzerland Netherlands Great Britain USA
Still, the filing indicates that Goldman Sachs is looking for different ways to meet demand for access in various forms to crypto space. In July 2021, Goldman released the results of a survey according to which 15% of family offices surveyed invest in cryptocurrency. So far, crypto companies have failed to convince regulators to change their views on bitcoin and cryptocurrency-related ETFs. However, in the case of Goldman Sachs, the chance of success is high, since DeFi is not tied directly to Bitcoin. Instead of cryptocurrencies, the ETF will track the performance of DeFi stocks and blockchain-related technology.[1]
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |