{"id":97411,"date":"2026-04-17T15:13:51","date_gmt":"2026-04-17T15:13:51","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream"},"modified":"2026-04-17T15:22:41","modified_gmt":"2026-04-17T15:22:41","slug":"bitcoin-is-going-mainstream","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream","title":{"rendered":"Bitcoin Is Going Mainstream"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Goldman Sachs this week became the latest major Wall Street firm to file for a Bitcoin ETF \u2013 joining Morgan Stanley, BlackRock and a growing roster of institutions racing to package cryptocurrencies for mainstream investors.<\/p>\n

Goldman\u2019s twist: a product that generates monthly income by selling options, offering cautious investors a yield in exchange for capped upside during rallies.<\/p>\n

The asset-management arm of the New York-based bank submitted paperwork to the US Securities and Exchange Commission for the Goldman Sachs Bitcoin Premium Income ETF, marking its first direct push into the crypto investment space.<\/p>\n

The structure is borrowed from equity markets, where options-income funds have amassed more than $180 billion in assets by offering steadier returns in turbulent periods, the largest category within derivative ETFs, according to data compiled by Strategas Research.<\/p>\n

BlackRock filed a similar Bitcoin product in January. Roundhill Financial Inc. has operated one since 2024. The category has become one of Wall Street\u2019s preferred vehicles for the next phase of crypto adoption \u2014 the hesitant investor who wants exposure but cannot stomach the swings.<\/p>\n

The appeal carries an irony: Bitcoin has long been derided by traditional investors precisely because it generates no income. Wall Street is now engineering one.<\/p>\n

It also comes after Chief Executive Officer David Solomon acknowledged in February personally owns Bitcoin.<\/p>\n

Once a vocal long-time sceptic of cryptocurrencies, Solomon told attendees at the World Liberty Forum at Mar-a-Lago, an event hosted by executives including Eric Trump and Donald Trump Jr., that he was not a \u201cgreat Bitcoin prognosticator.\u201d<\/p>\n

\u201cThe premium income strategy is an easy way to baby-step into Bitcoin. It\u2019s like Bitcoin with training wheels, but with an air of sophistication, which fits Goldman\u2019s brand,\u201d said Nate Geraci, president of NovaDius Wealth Management. \u201cI wouldn\u2019t be surprised if they ultimately launched a full spot ETF.\u201d<\/p>\n

The boom in option-income products within the $14 trillion US ETF market took off after the pandemic as Wall Street packaged complex strategies under labels like \u201coption income\u201d and \u201cpremium income.\u201d<\/p>\n

It was sparked by the blockbuster success of the JPMorgan Equity Premium Income ETF (ticker JEPI), launched in 2020, which has $45 billion in assets and spawned numerous copy cats. Income-hungry investors have poured billions into the space with roughly $70 billion in inflows in 2025, double the prior year, according to Strategas.<\/p>\n

Unlike their index-linked brethren, the new incarnations use the ETF structure to layer multiple options trades that are sold as a one-stop, cash-spewing investment.<\/p>\n

And unlike their traditional dividend ETF peers, the premium income suite can offer higher yields with lower volatility profiles, according to Strategas\u2019 Todd Sohn, while appealing to investors who may not be outright bullish but still want income in choppier, more volatile markets.<\/p>\n

\u201cInvestors want to squeeze as much return as possible from an asset if price returns are challenged,\u201d Sohn, the firm\u2019s chief ETF strategist, said.<\/p>\n

Goldman\u2019s proposed ETF aims to provide exposure to Bitcoin while generating income through a premium-based options strategy.<\/p>\n

The fund would sell options tied to Bitcoin-linked exchange-traded products, which will collect premiums in exchange for potentially sacrificing some upside during strong market rallies. The prospectus did not include a fee.<\/p>\n

Having Goldman enter the premium income space \u201cfurther legitimizes digital asset exposure,\u201d said Jane Edmondson of TMX VettaFi.<\/p>\n

Bitcoin has shed around 40% since hitting a record high last October, handing investors a reminder of what the swings actually look like.<\/p>\n

Still, in an asset that can post big swings in either direction, the premium income may prove insufficient to offset a serious downturn.<\/p>\n

The filing also follows Goldman\u2019s recent acquisition of Innovator Capital Management, an ETF issuer that was among the first to use options to determine outcomes or generate income.<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Goldman Sachs this week became the latest major Wall Street firm to file for a Bitcoin ETF \u2013 joining Morgan Stanley, BlackRock and a growing roster of institutions racing to package cryptocurrencies for mainstream investors. Goldman\u2019s twist: a product that generates monthly income by selling options, offering cautious investors a yield in […]<\/p>\n","protected":false},"author":84,"featured_media":97410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[275],"class_list":["post-97411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-south-africa-2"],"yoast_head":"\nBitcoin Is Going Mainstream - South Africa<\/title>\n<meta name=\"description\" content=\"Goldman Sachs this week became the latest major Wall Street firm to file for a Bitcoin ETF \u2013 joining Morgan Stanley, Bla ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Is Going Mainstream\" \/>\n<meta property=\"og:description\" content=\"Goldman Sachs this week became the latest major Wall Street firm to file for a Bitcoin ETF \u2013 joining Morgan Stanley, Bla ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-17T15:13:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T15:22:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776426734.057732.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bitcoin Is Going Mainstream\",\"datePublished\":\"2026-04-17T15:13:51+00:00\",\"dateModified\":\"2026-04-17T15:22:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream\"},\"wordCount\":631,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776426734.057732.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoin-is-going-mainstream\",\"name\":\"Bitcoin Is Going Mainstream - 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