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Stock impact report

Goldman Sachs to offer low-risk, low-reward Bitcoin ETF [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
Unlike most other issuers of Bitcoin ETFs, however, Goldman Sachs' Bitcoin Premium Income ETF will not invest in Bitcoin itself. Instead, the company will invest in preexisting spot Bitcoin ETFs, options on spot Bitcoin ETFs, and options on indices that track spot Bitcoin ETFs. To generate income, Goldman Sachs will sell call options on Bitcoin ETFs. That means the fund can outperform spot Bitcoin investment when the cryptocurrency is falling, flat, or “modestly rising,” according to Goldman Sachs' filing. But it can underperform when Bitcoin rises quickly. Bloomberg Senior ETF Analyst Eric Balchunas described that low-risk, low-reward profile as “Boomer candy.” Still, he expressed surprise at the filing. “Can't say I saw this coming,” he wrote on X. “I kinda just thought [JPMorgan] and GS would sit crypto out in favor of competing in other categories.” Goldman Sachs CEO David Solomon has long been a crypto sceptic. In February, however, he told a crowd at the World Liberty F Show less Read more
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