The bank’s asset management division submitted a request to the U.S. Securities and Exchange Commission to introduce its own Bitcoin exchange-traded fund, with plans to bring it to market within the coming months.
The filing made on Tuesday disclosed the move, just days after Morgan Stanley rolled out its own Bitcoin investment fund.
Goldman Sachs’ fund aims to offer investors exposure to Bitcoin based on its spot price while also generating income through options trading strategies.
Both banks are introducing these products in a challenging environment for digital assets, which have posted weak performance in recent months amid declining risk appetite—partly driven by fluctuations in precious metals prices, widespread sell-offs in tech stocks, and the ongoing conflict in the Middle East.
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