fintech / news / / Fortune
Goldman Sachs has filed a regulatory filing for a Bitcoin fund.
Goldman's new Bitcoin fund will buy other Bitcoin ETFs instead of holding Bitcoin directly.
KEY POINTS
- The fund uses an options overwrite strategy, selling call options to generate regular income.
- Goldman acknowledges the fund may outperform in flat or falling markets but lag in rapid rallies.
- This is Goldman Sachs' first Bitcoin ETF filing, following similar products from Grayscale and BlackRock.
- Goldman has shifted from skepticism to deeper involvement in crypto, including as a BlackRock ETF participant.
COMPANIES
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