Goldman Sachs files a DeFi ETF application with the US SEC

Goldman Sachs files a DeFi ETF application with the US SEC
фото показано с : invezz.com

2021-7-28 16:05

Goldman Sachs (NYSE: GS), a leading American investment bank, has filed for a decentralised finance (DeFi) exchange-traded fund (ETF) with the US Securities Exchange Commission (SEC). A report unveiled this news on July 27, citing the application, which the bank filed yesterday. While the filing was not detailed, it noted that the ETF seeks to expose investors to the DeFi and blockchain sectors.

According to the application, the fund is dubbed Goldman Sachs Innovate DeFi and Blockchain Equity ETF. The filing added that the ETF aims to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Decentralised Finance and Blockchain Index.

In the filing, Goldman Sachs disclosed that the fund intends to achieve its investment objective by investing at least 80% of its assets in securities, included in its underlying index, depositary receipts that represent receipts in its underlying index, and underlying stocks in respect of depositary receipts included in its underlying index.

The bank further noted that the fund would invest in stocks of companies located across developed and emerging markets worldwide. These include Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the United Kingdom, and the United States.

Mixed reactions from the crypto community on Twitter

Upon receiving this news, some members of the crypto community on Twitter thought it was bullish. However, a handle by the name TLC Education, tweeted that the fund is not a DeFi ETF, suggesting that Goldman Sachs is just piggybacking on the DeFi name.

To back these claims, the user posted a screenshot showing the components of the fund. Indeed, as of July 23, the Solactive Blockchain Technology Performance Index only comprised mainstream companies, including Facebook, Nokia, Microsoft, Visa, Mastercard, PayPal, Alibaba, and Lenovo, among others. While some of the listed companies are dabbling in blockchain technology, not a single one has ventured into DeFi.

This news comes as the SEC continues delaying its decision to rule on the several ETFs it is currently reviewing.

The post Goldman Sachs files a DeFi ETF application with the US SEC appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Smart Application Chain (SAC) на Currencies.ru

$ 0.0385 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0385 - H: $0.0385
Капитализация $0 Rank 99999
Доступно / Всего 0 SAC

sec bank goldman filed sachs defi application

Источник: invezz.com

sec bank → Результатов: 102


According To The SEC, Morgan Stanley Owns 28,200 Shares Of Grayscale Bitcoin Trust

Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]

2021-6-29 00:57


Фото:

Nigeria’s SEC in Talks With Central Bank of Nigeria Over Crypto Regulation— 2020 Crypto Guidelines Still Suspended

Nigeria’s Securities and Exchange Commission (SEC) has revealed that talks with the Central Bank of Nigeria (CBN) regarding the regulation of cryptocurrencies are ongoing. The securities regulator also reiterated that due to a CBN directive that was issued on February 7, 2021, the crypto guidelines it issued in September 2020 remain suspended. Crypto Guidelines Set […]

2021-4-17 04:30


Фото:

Ripple Executives Move To Quash SEC’s Probe Into Their Personal Financial Statements

Two senior executives at blockchain technology company Ripple are seeking to throw out the United States Securities and Exchange Commission’s (SEC) request to access their personal bank statements. On March 11, Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen sent a letter to the New York judge Sarah Netburn asking her to block SEC’s […]

2021-3-13 20:22


Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9%

Banking giant Morgan Stanley has jumped on the Bitcoin bandwagon via MicroStrategy Inc. by increasing its stake in the company to more than 10% late last year. According to a filing with the US Securities and Exchange Commission (SEC) on Friday, the investment management arm of the bank held 792,627 shares of MicroStrategy by the […] The post Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9% first appeared on BitcoinExchangeGuide.

2021-1-9 18:03


Фото:

Инвесткомпания Wilshire Phoenix направила в SEC заявку на запуск bitcoin-траста

Инвестиционная компания Wilshire Phoenix вновь направила в Комиссию по ценным бумагам и биржам (SEC) США заявку на открытие криптовалютного траста Bitcoin Commodity Trust. Хранением активов клиентов займется криптовалютное крыло холдинга Fidelity Investments — Fidelity Digital Assets, фиатную валюту будет хранить UMB Bank.

2020-6-15 14:39


Silvergate Bank отчитался об увеличении объема транзакций в BTC

Silvergate Bank, обслуживающий криптовалютные компании, отчитался об увеличении объема операций с биткойном в I квартале 2020 года на 75% к предыдущему кварталу. В отчете банка американской Комиссии по ценным бумагам и биржам (SEC) сообщается, что объем торговли с биткойном в обменной сети Silvergate (SEN) увеличился на 75%.

2020-5-8 08:00


Фото:

Silvergate Bank сообщил о росте торговых объемов в биткоинах на 75%

Дружественный к биткоину банк Silvergate сообщил о росте торговых объемов криптовалютой на 75%. Это указано в отчете финучреждения для Комиссии по ценным бумагам и биржам США (SEC). Согласно документу, торговые объемы биткоином на платформе внутренних платежей Silvergate Exchange Network (SEN) выросли на 75% в первом квартале 2020 года.

2020-5-7 12:08


Фото:

Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar

In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.

2020-1-7 17:00


Фото:

Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws

In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.

2020-1-7 17:00


дальше еще 53 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin surges to $71k as analysts cite increased spot ETF inflows

Analyst expects renewed market confidence as Bitcoin surges to $71,000 Bitcoin’s price surged to $71,000 on Tuesday amid increased spot buying and spot BTC exchange-traded fund (ETF) purchases, prompting the cryptocurrency community to debate whether this signals the start of…

$300m meme coin full of potential security flaws

Investors have been buying Mog Coin (MOG) despite the major security flaws in its underlying smart contract code. According to a ChatGPT security audit, the owner of the MOG smart contract used the “Ownable” function in the meme coin’s code.…

Crypto market cap surpasses the $2.5t mark following CPI data

The global cryptocurrency market capitalization has recorded an impressive momentum after the U.S. Consumer Price Index (CPI) report was released. Notably, the US CPI for April increased by 3.4% over the past year, crypto.news reported. In March, the CPI reached…