Goldman Sachs Files for Bitcoin ETF That Invests in Bitcoin-Related Products, Not Bitcoin Directly
Goldman Sachs has filed to launch a Bitcoin ETF that will invest in existing Bitcoin ETFs and related derivatives rather than Bitcoin directly. The fund aims to generate income through call options, offering lower risk but also lower potential returns compared to direct Bitcoin exposure. The move comes as other major banks like Morgan Stanley have already entered the Bitcoin ETF market with competitive fees.
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Topics: Bitcoin ETF Cryptocurrency ETFs Goldman Sachs Investment Banking