Goldman Sachs set to launch a DeFi and Blockchain Equity ETF, application submitted to SEC
Goldman Sachs, the Wall Street investment banking behemoth, has submitted an application with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would provide exposure to public businesses in decentralized finance and blockchain throughout the world.
The Goldman Sachs Innovate DeFi and Blockchain Equity ETF seeks to replicate the Decentralized Finance and Blockchain Index from German financial indices provider Solactive. The fund will invest at least 80% of its assets in the index’s securities, stocks, and depository receipts.
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Index. The Fund’s investment objective may be changed without shareholder approval upon sixty days’ notice. Shareholders will be provided with sixty days notice in the manner prescribed by the SEC before any change in the Fund’s policy to invest at least 80% of its assets in securities included in its underlying index.
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