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Goldman Sachs this week became the latest major Wall Street firm to file for a Bitcoin ETF — joining Morgan Stanley, BlackRock and a growing roster of institutions racing to package cryptocurrencies for mainstream investors. Goldman’s twist: a product that generates monthly income by selling options, offering cautious investors a yield in exchange for capped upside during rallies.
“The premium income strategy is an easy way to baby-step into Bitcoin. It’s like Bitcoin with training wheels, but with an air of sophistication, which fits Goldman’s brand,” said Nate Geraci, president of NovaDius Wealth Management. “I wouldn’t be surprised if they ultimately launched a full spot ETF.”
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