Goldman Sachs files for Bitcoin "Premium Income" ETF, Balchunas says
Goldman Sachs has submitted an application for a Bitcoin Premium Income ETF, according to Bloomberg analyst Eric Balchunas. Balchunas said the move could signal an opening to outpace BlackRock, or reflect client demand for Bitcoin exposure with reduced volatility. He added that some investors are willing to sacrifice part of the upside in exchange for more limited downside risk and steadier returns. The filing marks a shift from earlier expectations that JPMorgan Chase and Goldman Sachs would stay on the sidelines of crypto.