Goldman Sachs Applies for Bitcoin Income ETF..."Earns Interest with Coins"

▲ Goldman Sachs, Bitcoin (BTC) / ChatGPT generated image

Goldman Sachs has officially applied for a Bitcoin income-generating ETF, signaling a shift of Wall Street funds towards 'interest-bearing coin investments'.

According to cryptocurrency specialized media CoinGeek on April 14 (local time), Goldman Sachs has submitted a registration application for a Bitcoin (BTC) Premium Income ETF to the U.S. Securities and Exchange Commission (SEC). This product is designed to invest at least 80% of its assets in Bitcoin-exposed assets.

Unlike existing spot ETFs, this ETF does not directly hold Bitcoin. Instead, it creates an indirectly BTC price-linked profit structure by investing in Bitcoin spot ETFs, related options, and ETF index options.

The core strategy is selling options. Goldman Sachs plans to provide regular returns to investors by selling call options based on the Bitcoin-related assets held by the ETF, thereby securing premium income.

This application marks the second major bank to enter the Bitcoin ETF market, following Morgan Stanley. BlackRock is also preparing a premium ETF with a similar structure, indicating an intensifying competition among institutions.

The income-generating ETF, emerging at a time when Bitcoin is showing a rebound, is structured to stimulate investment demand targeting 'cash flow' rather than mere price appreciation. This trend redefines Bitcoin for Wall Street funds as an income-generating financial product, not merely a speculative asset.

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