3 hours ago

Goldman Sachs Bets on “Boomer Candy” With Bitcoin Premium Income ETF Filing

TLDR: Goldman’s ’40 Act filing requires a Cayman Subsidiary to hold Bitcoin exposure within regulatory limits. BlackRock’s similar ’33 Act product gives it more structural flexibility than Goldman’s chosen framework. Client demand for Bitcoin with reduced volatility and steady income appears to have driven Goldman’s filing. Goldman shifts from holding third-party Bitcoin ETFs to manufacturing [...]

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Source: Blockonomi →