Goldman Sachs has long been content to watch the crypto craze from the sidelines, but in a surprise move, the big bank on Tuesday revealed plans for its own product in the form of a Bitcoin Premium Income ETF.
The new Goldman fund, which was described in a regulatory filing, is structured a little differently from traditional spot Bitcoin ETFs. The fund aims to buy other exchange-traded products that hold Bitcoin, rather than hold Bitcoin itself, and sell call options on those funds.
