Goldman Sachs files for a ETF with option to invest in Bitcoin
According to a document filed with the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs has petition approval for a new Exchange Tradable Fund (ETF) with the option to add exposure to Bitcoin. With an ARK innovation structure and a March 19, 2021 filing date, the financial product would be called Autocallable Contingent […]
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Financial institution Goldman Sachs has filed details with the SEC regarding an ETF that would “have exposure to … bitcoin.”
The big question is whether or not patents have a rightful place in the blockchain world. Goldman Sachs is quite an intriguing financial institution. Even though they rejected Bitcoin and its technology for some time, they now want to go all-in on the blockchain. A new patent filing goes to show the group is working on blockchain-based forex trading. Quite an interesting development, although patenting it may not be the right course of action. Blockchain technology is designed to be an open standard, which anyone can use and improve upon. The Bitcoin source code follows that same concept,....
Goldman Sachs, one of the biggest banking institutions in the world, has filed an application to offer an Exchange Traded Fund (ETF) linked to the performance of decentralized finance (defi) companies. The instrument, if approved, would help institutions and retail investors gain exposure to defi assets with the help of a regulated bank like Goldman Sachs. Goldman Sachs Proposes Defi ETF Goldman Sachs, one of leading commercial banks in the world, has introduced an application to the SEC to offer a defi-linked ETF. The defined ETF is called “Goldman Sachs Innovate Defi and Blockchain....
Goldman Sachs doubles down on its crypto bet. In April, the banking institution allowed its wealthiest clients to invest in Bitcoin-based investment products, relaunch its crypto trading desk, and has been opening to this asset class. Now, Goldman Sachs participated in blockchain infrastructure provider Blockdaemon’s $28 million Series A investment round. Led by Greenspring Associate, […]
On June 18, Goldman Sachs began trading Bitcoin futures through Mike Novogratz’s Galaxy Digital network, paving the way for banking institutions. Galaxy Digital announced the agreement as part of Goldman Sachs’ crypto investment strategy. Galaxy And Goldman Sachs Shake Hands Goldman Sachs has taken a step further in its efforts to assist hedge funds and […]