Goldman Sachs files for Bitcoin Premium Income ETF, Bloomberg's Balchunas says

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