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Goldman Sachs filed an application for an exchange-traded fund on Tuesday.
Goldman Sachs filed for a Bitcoin Premium ETF that generates income by selling options on Bitcoin ETFs.
KEY POINTS
- The fund will allocate at least 80% of assets to Bitcoin exposure, including spot ETFs and derivatives.
- Goldman's ETF uses a Cayman Islands subsidiary to navigate regulatory restrictions on holding commodities.
- This regulatory structure may allow Goldman Sachs' ETF to launch before BlackRock's similar product.
COMPANIES
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