Investment bank Goldman Sachs has filed its application with the US Securities and Exchange Commission for issuance of new bonds, the produce of which will be bound to the results of the ARK Innovation ETF. The filing mentions that an ETF may have access to cryptocurrencies such as Bitcoin, although directly, but within a trust. The ARK Innovation ETF contains, among other things, stocks of tech companies that create innovative tools, including blockchain technologies.
The ARK Innovation ETF is a fund, of course publicly traded, that is operated by ARK Investment Management. In the last year, the shares of the fund have practically tripled, from $40.18 to $115.58. Previously, the CEO of the firm, Catherine Wood, declared that she holds a positive view towards the leading digital coin. As noted by the latest research of ARK Invest, with a various percentage of the volume of Bitcoin in the portfolios of major institutional investors, its price rate can fluctuate between $100,000 and $500,000.
At the beginning of this month, Goldman Sachs Chief John Waldron revealed that the bank is seeking opportunities to satisfy the increased client demand for BTC. Investors’ fascination with the main virtual coin persists to expand, he noted. Last week, another foremost American investment bank, Morgan Stanley, has become the first of its caliber in the US to enable its clients to invest in funds whose assets contain only cryptocurrencies.
