The Crypto Round Up- July 28 2021
Goldman Sachs Files Application for Defi ETF to the SEC
Goldman Sachs, one of the leading banking institutions in the world, has presented an application to offer a Defi-linked Exchange Traded Fund (ETF) to the SEC. The mentioned ETF is defined as “Goldman Sachs Innovate Defi and Blockchain Equity ETF” which aims to provide exposure to institutions and retail investors to Defi assets. The performance of the fund will be linked to the Solactive Blockchain Technology Performance-Index that includes companies like Nokia, Alphabet, IBM, Microsoft, and Overstock. Read more
Cathy Wood’s ARK Invests Another $10.8 Million Into Grayscale’s Bitcoin Trust
Ark Invest has now added another $10.8 million worth of shares in Grayscale’s Bitcoin Trust. It has now an overall share of 7 million in bitcoin trust after it has bought another 2.14 million shares. Cathy Wood has been on the leading edge of crypto investments and it’s no surprise if she adds more shares soon. Read more
JP Morgan Gives Crypto Fund Access To All Wealth Clients
One of the biggest investment banks in the world, JP Morgan, provides access to its wealth-management clients to bitcoin and other crypto funds. JP Morgan’s advisors can now accept orders to buy and sell five crypto products. These crypto products are Grayscale’s Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, Ethereum Classic products, and Osprey Funds’ Bitcoin Trust. Read more
MasterCard’s New Start Path Program
MasterCard revealed its new Start Path Program includes to which it includes seven cryptocurrency and blockchain startups. With these startups involved, it aims to provide secure and easy crypto transactions like trading and holding crypto for institutions and retailers. Mastercard’s selected startups would help address and solves issues in the developing industry of blockchain and fintech. Read more
