Goldman Sachs has filed with the US Securities and Exchange Commission (SEC) for an exchange traded fund (ETF) that might have exposure "to cryptocurrency." According to a regulatory filing, the fund might have exposure to bitcoin (EXANTE: Bitcoin) indirectly through an investment in a grantor trust. The ETF’s exposure to cryptocurrency may change over time and, accordingly, such exposure may not always be represented in the ETF’s portfolio.
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The document also says the bank might invest though the ETF in those companies that "do not currently derive any revenue from disruptive innovations or technologies, and there is no assurance that any company will derive any revenue from disruptive innovations or technologies in the future."
Thus, the US bank joined a group of financial companies that have been trying to get the regulator's approval for a bitcoin ETF over the past few years. Earlier, iHodl reported that SkyBridge Capital, a New York-based investment company, also filed an application with the SEC to launch a bitcoin ETF. The company filed together with investment advisor First Trust Advisors an application to launch a bitcoin ETF.
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