Goldman files for DeFi and Blockchain ETF

According to an application filed with The SEC yesterday. Global in scope, Goldman commits to maintain 20% of AUM in “illiquid assets”. About a ten minute read (if you’ve read Form 1N-As before, and I have).

Comment: ok, not unexpected that someone would do this, but Goldman as first mover is excellent news. The amount of illiquid assets significantly raises the risk of this fund, but with Goldman backing it there should be adequate oversight. Global deployment is also an attraction. Fee structure not in place yet, but on the whole — interesting. I won’t be going in because I’m directly invested in Blockchain and DeFi, but this clearly will have an audience.

AUM, or Assets Under Management explained here.