New Goldman Sachs Bitcoin fund is built for advisers seeking yield, not traders chasing the next rally

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…