Goldman Sachs filed an application for a Bitcoin Premium Income exchange-traded fund (ETF) on Monday, marking one of the bank’s first direct pushes into the cryptocurrency investment space.
The proposed fund would give investors exposure to bitcoin while generating income through a premium-based strategy. The structure relies on selling options tied to bitcoin-linked ETPs, allowing the fund to collect premiums in exchange for capping some upside in strong rallies.
That trade-off — steady income versus full price participation — reflects a broader shift on Wall Street. Asset managers are increasingly trying to package bitcoin into products that resemble dividend-paying stocks or income funds, rather than relying only on…
