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Goldman Extends Forays into Digital Asset through a Crypto ETF Filing

Bitcoin ETF cryptocurrency trading and investment concept on double exposure background

Goldman Sachs asset-management arm has filed for an exchange traded fund with the US Securities and Exchange Commission, according to Bloomberg.

The intended ETF by Goldman will focus on securities of crypto-related entities.

The ETF will allocate at least 80% of its assets in depository receipts, securities, and stocks of firms included in the index.

Goldman’s ETF is expected “as soon as possible” and the fund’s shares are expected to be traded on a national securities exchange.

The US bank’s ETF comes when some crypto-related firms have listed recently, offering more opportunities to investors.

Goldman has, in the past, made forays into crypto, having reopened a trading department to assist clients with publicly traded BTC futures. JPM: NYSE is up +0.48%

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