Goldman Sachs, a global investment bank (IB), has applied to the Securities and Exchange Commission (SEC) for approval of a listed index fund (ETF) that indirectly invests in bitcoin.
Goldman Sachs submitted a Prospectus to the SEC on the 24th (US time).
This ETF is a product that is indirectly exposed to cryptocurrencies such as Bitcoin. It follows ARK Asset Management’s’ARK Innovation ETF’, which invests in Bitcoin through Grayscale’s Bitcoin Investment Trust (GBTC).
Goldman Sachs explained that “the cryptocurrency exposure may vary each time and may not appear in the portfolio.”
Goldman Sachs said it would offer a total of 15.72 million dollars (about 17.8 billion won) on the first issue date of this product.
Meanwhile, Goldman Sachs resumed operation of the cryptocurrency trading desk on the 2nd. The Goldman Sachs cryptocurrency trading desk is in charge of bitcoin transactions and central bank digital currency (CBDC) projects.
For reports and press releases, [email protected]