Great news for $DEFI and the defi sector as whole as Goldman Sachs has filed an application with the (SEC) for an (ETF) that would offer exposure to public companies in decentralized finance and blockchain around the globe. An ETF from such a giant, I think, would drive a lot of cash into public defi companies including $DEFI .
Plus, despite the last quarter being the one of the toughest on record for crypto, many see it as a necessary meeting of global regulators with industry players. Engaging with regulation doesn’t preclude innovation or disruption, in fact this will enable the industry to grow. An increase in security and transparency goes hand-in-hand with an increase in investor confidence – both institutional and retail.
$DEFi , a one-click way to get access to a broad base of early-stage DeFi projects, is IMO in a great spot to capitalize on the next wave especially with such big players, like Goldman Sachs, getting behind defi as a whole.
$DEFI is up 2.9% , MC is $149.23M
https://www.coindesk.com/goldman-sachs-applies-for-defi-etf