• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Goldman Sachs has applied for a DeFi ETF

by Reshab Agarwal
July 27, 2021
in Crypto, News, Trending
Reading Time: 2 mins read
0
Goldman Sachs has applied for a DeFi ETF
TwitterWhatsappLinkedin

Just recently, Goldman Sachs has applied for a DeFi ETF with the SEC of the US. The electronically traded fund will help in giving the public exposure to decentralized tokens and companies. Even the institutions that invest in the ETF can get a very good diversification of their portfolio. This is a great move by Goldman Sachs and is very bullish for the future of cryptocurrencies. The filings suggest that 80% of the investment will be made in companies that are into advanced blockchain tech and also decentralized finance.

You might also like

Jaguar Land Rover Faces $2.1 Billion Tariff Hit Under New US Trade Rules, Says Tata Chairman N Chandrasekaran

Innov8 Raises Fresh Funds at ₹1,000 Cr Valuation; Plans to Double Footprint

British F-35B Jet Stranded in Thiruvananthapuram After Emergency Landing

The DeFi ETF Goldman Sachs has applied for

The filing of Goldman Sachs said that their ETF would aim to give the same kind of returns as compared to the Solactive DeFi and blockchain index. This is surely before the fees and extra costs of running the funds. Goldman Sachs will be picking various companies to invest in from all major nations globally. This includes the UK, US, France, Canada, Australia, among others.

The benefit of an ETF

The benefit of an ETF

ETF applications in the crypto and DeFi space has exploded. And the SEC has yet to approve any of it. ETFs provide a lot of benefits that traditional crypto investing is unable to provide. This includes tax benefits as ETFs are a government-approved investment and falls under a specific tax regime, while crypto doesn’t have a tax bracket in particular. Then there is also the fact that an ETF offers a very good diversification of one’s portfolio. For example, if someone wants to invest in DeFi but not just in one token but the entire sector, they can go for a DeFi ETF.

ETFs also brings a lot of investment from the common masses. This is because for tech-forward people, going on exchanges and buying crypto seems no big deal, but that’s not the case with everyone. In fact, a lot of people in the US will surely prefer an ETF over direct buying. And finally, since a company manages an ETF, there is a very low chance that you’ll lose any shares or your portfolio, which can be the case with direct crypto investments.


What are your thoughts on the DeFi ETF Goldman Sachs has applied for? And do you think if it gets approved, then things will become really bullish for the DeFi market? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Tether has been facing criminal charges in the US.

Tweet54SendShare15
Previous Post

Tether has been facing criminal charges in the US

Next Post

Amazon’s “Key for Business” reports potential threat to US apartment houses

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Jaguar Land Rover Faces $2.1 Billion Tariff Hit Under New US Trade Rules, Says Tata Chairman N Chandrasekaran

by Rounak Majumdar
June 21, 2025
0
Jaguar Land Rover Faces $2.1 Billion Tariff Hit Under New US Trade Rules, Says Tata Chairman N Chandrasekaran

As new US trade measures threaten to impose $2.1 billion in tariffs, Jaguar Land Rover (JLR), the luxury car division of Tata Motors, is preparing for a major...

Read more

Innov8 Raises Fresh Funds at ₹1,000 Cr Valuation; Plans to Double Footprint

by Ishaan Negi
June 21, 2025
0
Innov8 Raises Fresh Funds at ₹1,000 Cr Valuation; Plans to Double Footprint

In a notable move in India’s flexible workspace sector, Oyo-owned Innov8 has raised fresh capital at a valuation of ₹1,000 crore, selling 3% stake in the company. The...

Read more

British F-35B Jet Stranded in Thiruvananthapuram After Emergency Landing

by Rounak Majumdar
June 21, 2025
0
British F-35B Jet Stranded in Thiruvananthapuram After Emergency Landing

A British Royal Navy F-35B stealth fighter jet remains grounded at Thiruvananthapuram International Airport, Kerala, days after it was forced to make an emergency landing due to a...

Read more
Next Post
Amazon Key for Business

Amazon’s “Key for Business” reports potential threat to US apartment houses

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?