Don't fall for this DeFi ETF - Goldman Sachs just filed for a 'DeFi ETF' which just contains random legacy companies.

We know Goldman recently started talking a lot about crypto, now they just filed for an official 'DeFi ETF' with the SEC and said that the fund will be designed to correspond to "the performance of the Solactive Decentralized Finance and Blockchain Index.".

However, BEWARE, this 'DeFi; Fund contains only legacy companies and has 0 crypto-native companies. They’re trying to deceive the public into thinking we already have decentralized finance. These are the holdings under the fund:

https://preview.redd.it/wi8mpz86mpd71.png?828&format=png&auto=webp&s=90e0a90cfaa0e5d8b8e2a446b47d417532de5e18

As you can see, top holdings are Nokia, Alphabet, Accenture, Fuji etc which have absolutely no link to crypto, atleast as of now. Maybe you can call Facebook, Visa, Paypal related to crypto a bit but still not at all related to 'DeFi'.

As it turned out later, in the SEC filing, Goldman related 'DeFi' to 'Digitalization of Finance', while the word 'Digitalization' doesn't event have the letter 'e' for 'DeFi'. This is basically clickbait and trying to get the branding, don't fall for this!