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Goldman Sachs File for ETF With Bitcoin Option

Published 03/25/2021, 10:25 AM
Updated 03/25/2021, 10:30 AM
Goldman Sachs File for ETF With Bitcoin Option
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  • Goldman Sachs (NYSE:GS) has applied for approval for a new Exchange Tradable Fund (ETF) with an option to add Bitcoin.
  • However, the financial product is said to be a Autocallable Contingent Coupon ETF-Linked Notes maturing on March 26, 2026.
  • The fund’s primary investment tactic considers companies to rely on and profit from products under development.

According to a document filed with the U.S. Securities and Exchange Commission (SEC), Goldman Sachs has applied for approval for a new Exchange Tradable Fund (ETF). Notably, the ETF has an option to add Bitcoin.

Also, the ETF has an ARK innovation structure and a March 19, 2021 filing date. The financial product declares itself as an Autocallable Contingent Coupon ETF-Linked Note. Further, the ETF wil...

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