The US bank has filed for an exchange-traded fund (ETF) that generates income from options on spot Bitcoin products, as large asset managers expand into yield strategies focused on digital assets.
Goldman Sachs Asset Management (GSAM), the primary investing division of Goldman Sachs, has filed with the US Securities and Exchange Commission (SEC) to launch its first cryptocurrency exchange-traded fund, the Goldman Sachs Bitcoin Premium Income ETF. The ETF will employ a dynamic options ‘overwrite’ strategy The ETF is actively managed and seeks to deliver current income while maintaining exposure to Bitcoin-related price movements. The filing comes a week af