Goldman Sachs on Monday filed an application with the Securities and Exchange Commission for a "DeFi and Blockchain Equity" exchange-traded fund.
The move is another sign of Wall Street's growing interest in the blockchain and crypto markets. Goldman reportedly has also begun clearing crypto exchange-traded products in Europe.
In its SEC application, Goldman Sachs acknowledged the risks associated with crypto and blockchain, saying "blockchain technologies are new and developing and the risks associated with such technologies may not fully emerge until they are widely used."
The SEC has repeatedly delayed approvals for bitcoin and other crypto-related ETFs, which would allow investors to invest, speculate and hedge exposure to cryptocurrencies without directly holding them.