🔥 Goldman Sachs files for a Bitcoin ETF — but does not hold BTC directly 🔥
💥 Instead of spot like BlackRock or Fidelity, the “Bitcoin Premium Income ETF” will:
✨ Invest in Bitcoin spot ETF/ETP
✨ Sell covered calls (40–100% of the portfolio) to generate income
🔴 Result: stable cash flow, reduced volatility — but limited profit when BTC rises sharply
🛡 A “safer” option for institutions wanting BTC exposure
💥 Instead of spot like BlackRock or Fidelity, the “Bitcoin Premium Income ETF” will:
✨ Invest in Bitcoin spot ETF/ETP
✨ Sell covered calls (40–100% of the portfolio) to generate income
🔴 Result: stable cash flow, reduced volatility — but limited profit when BTC rises sharply
🛡 A “safer” option for institutions wanting BTC exposure