Goldman Sachs said to seek approval for Bitcoin Premium Income ETF, Bloomberg's Balchunas reports

Goldman Sachs has submitted an application for a Bitcoin Premium Income ETF, according to Bloomberg analyst Eric Balchunas. Balchunas said the move could reflect an opening to outpace BlackRock, or be driven by client demand for Bitcoin exposure with lower volatility. He noted some investors may be willing to give up part of the upside in exchange for reduced downside risk and more stable returns. JPMorgan Chase and Goldman Sachs had previously been viewed as unlikely to step into crypto-related products.