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Business & Economics

Report: Goldman to Shift ETF Accelerator Servicing to Tidal

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Summary
Nutrition label

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Goldman Sachs Group Inc. will wind down its ETF Accelerator platform, a digital platform that helps clients launch, list and manage their own ETF products.

Tidal Financial Group , a U.S.-based, white-label ETF provider, will provide servicing responsibilities for two trusts encompassing 12 ETFs launched under the Accelerator program.

The European arm of its business has just one client— Ultramarin , a German asset manager—which has launched two ETFs with the firm.