Gate News message, April 15 — Goldman Sachs ETF Trust has filed with the SEC for approval of the Goldman Sachs Bitcoin Premium Income ETF, a fund designed to deliver steady income while limiting upside exposure to Bitcoin’s price.
The ETF will invest at least 80% of its net assets in Bitcoin-related instruments, including spot Bitcoin ETPs, options on spot Bitcoin ETPs, and options on Bitcoin ETP indices, without directly holding BTC. The fund plans to generate income through a dynamic options overwrite strategy, selling call options on Bitcoin-related ETPs and collecting premiums.
The overwrite level will range from 40% to 100% of its Bitcoin exposure depending on market conditions. The fund faces significant Bitcoin price volatility and limited upside potential due to the call-writing approach.
Related News