Wu Shuo has learned that Bloomberg ETF analyst Eric Balchunas posted that Goldman Sachs has filed an application for a Bitcoin Premium Income ETF. The fund intends to retain a certain level of upside exposure to Bitcoin, while generating current yield through options strategies (such as selling call options). Balchunas added that this product is submitted under the 40 Act framework and may need to be processed through a Cayman subsidiary to address commodity-related position restrictions; meanwhile, BlackRock also has a similar product under a 33 Act structure. He believes Goldman Sachs’s move may be driven by the opportunity to surpass BlackRock.