新的高盛比特币基金是为寻求收益的顾问而建立的，而不是为追逐下一次反弹的交易员而建立的

Goldman Sachs, the $3.5 trillion banking giant, has filed to launch an actively managed exchange-traded fund (ETF) that uses covered calls to generate income from Bitcoin . The April 14 filing for the Goldman Sachs Bitcoin Premium Income ETF marks a strategic pivot for the investment bank, which previously had a hostile relationship with the flagship digital asset. Moreover, what makes the new product more distinct is that Goldman is not launching a conventional spot Bitcoin product to compete in the increasingly saturated $100 billion BTC ETF market . Instead, the banking giant is looking to engineer a moderated, yield-bearing version of Bitcoin tailored specifically for income-oriented portfolios. In this case, the firm intentionally forgoes a portion of the upside in top crypto in exchange for yield. Related Reading Over 80% of Bitcoin ETF assets hit Coinbase custody choke point with $74B at risk More than four-fifths of U.S. Bitcoin ETF assets are tied to Coinbase in some custody role. Morgan Stanley's new trust shows Wall Street is still routing crypto exposure through the same gatekeeper. Apr 12, 2026 · Andjela Radmilac Goldman Sachs Bitcoin ETF picks a different lane The proposed fund operates on a fundamentally different chassis than the spot ETFs that have dominated the market’s attention over the past two years. According to the preliminary prospectus, the fund will not buy or hold Bitcoin directly. Instead, it will gain exposure by investing in spot Bitcoin ETPs, options on those ETPs, and options on indices that track them. To generate its yield, the fund will systematically sell call options against that underlying exposure. By operating as an actively managed, non-diversified fund, Goldman is positioning the ETF as a specialized wealth-management tool rather than a passive commodity tracker. The filing details a complex operational structure to navigate regulatory constraints, including the use of a wholly owned Cayman Islands subsidiary to manage the