Investment banker Goldman Sachs Group's asset-management subsidiary has filed an application with the US Securities and Exchange Commission (SEC) to offer an exchange-traded fund (ETF) focused on securities of cryptocurrency -related companies. The Goldman Sachs Innovate DeFi and Blockchain Equity ETF would track the Solactive Decentralized Finance and Blockchain Index, the filing said. Goldman is hoping to offer exposure to decentralized finance or DeFi, which is one of crypto’s hottest growth areas. In June, it also announced plans to offer options and futures trading in Ether, the second-largest cryptocurrency after Bitcoin. Goldman is planning to offer the ETF “as soon as practicable after the effective date of the Registration Statement," the filing said.

Source: Mint July 27, 2021 05:03 UTC