The proposed fund would put at least 80% of its net assets into investments tied to Bitcoin’s price, including spot Bitcoin ETFs and derivatives linked to those products
Bitcoin News
Goldman Sachs filed a prospectus on Tuesday to launch an exchange-traded fund that gives investors access to Bitcoin without the firm holding the cryptocurrency directly. The fund, called the Goldman Sachs Bitcoin Premium Income ETF, would invest in other exchange-traded products that hold Bitcoin rather than acquiring the asset itself. Goldman oversees $3.65 trillion in assets under management.The proposed fund would put at least 80% of its net assets into investments tied to Bitcoin’s price, including spot Bitcoin ETFs and derivatives linked to those products. Unlike funds from BlackRock and Fidelity that hold Bitcoin outright and closely follow its market price, Goldman’s vehicle would sit one step…
