Goldman Sachs Filed SEC To Issue Bitcoin Bonds

The largest US investment bank plans to place debt instruments linked to an exchangea fund that will contain cryptocurrency.

Investment bank Goldman Sachs applied forThe US Securities and Exchange Commission (SEC) for the issuance of bonds, the yield of which will be tied to the results of the ARK Innovation ETF. The filing notes that an ETF may have access to a cryptocurrency such as Bitcoin, but not directly, but through a trust. The ARK Innovation ETF includes stocks of technology companies that develop revolutionary technologies, including blockchain.

ARK Innovation ETF is an exchange-tradedfund managed by ARK Investment Management. Over the past year, according to Investing.com, the fund's shares have almost tripled in price - from $40.20 to $114.78. Previously, the head of the company, Catherine Wood, said that she had a positive attitude towards the main digital coin. According to the latest research by ARK Invest, with a different percentage of the volume of the first cryptocurrency in the portfolios of institutional investors, its price can vary from $100 thousand to $500 thousand.

In early March, Goldman Sachs President JohnWaldron reported that the bank is looking for opportunities to meet the increased customer demand for bitcoin. Investors' interest in the main digital coin continues to grow, he said. Last week, another major American investment bank, Morgan Stanley, became the first in the United States to allow clients to invest in funds whose assets are only cryptocurrencies.

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