Goldman Sachs Files for Bitcoin ETF, Signaling Increased Wall Street Involvement in Crypto
Goldman Sachs Group Inc. has filed for a Bitcoin ETF, marking its first attempt to monetize its Bitcoin exposure for clients. The ETF, designed for income-oriented institutional investors, will use a covered-call structure and route Bitcoin exposure through existing ETPs like BlackRock’s IBIT. This move highlights growing Wall Street commitment to cryptocurrency.
Topics: Bitcoin ETF Crypto Investment ETF Structure Goldman Sachs Regulatory Approval