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Want income with your bitcoin? Goldman Sachs files for crypto ETF that uses options strategy

Want income with your bitcoin? Goldman Sachs files for crypto ETF that uses options strategy

Goldman Sachs’ asset management division plans to launch its first cryptocurrency exchange-traded fund in the ⁠coming ​months, according to a Tuesday filing with the U.S. Securities and Exchange Commission.

The bank unveiled its ETF, designed to offer exposure to bitcoin’s price as well as to generate income from ​bitcoin options transactions, only days after rival ‌Morgan Stanley launched its own spot bitcoin fund, the Morgan Stanley Bitcoin Trust ETF.

The banks are launching products in a difficult environment for cryptocurrency investments. Cryptocurrency has fallen in recent months amid weakening risk sentiment driven in part ‌by volatility in ​precious metals, a ‌broad selloff in tech shares, and the U.S.-Israeli…

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