$1 billion Bitcoin premium income ETF yields 27%, Goldman Sachs to Hold BTCI in Neos Trades

Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform, stating that Goldman Sachs will hold BTCI in Neos trades. BTCI is a $1 billion Bitcoin premium income ETF with a 27% yield, capturing most but not all of Bitcoin's upside. He noted this explains why Goldman Sachs never launched its Bitcoin covered call options product filed months ago; rather than launching a similar product, it is better to surpass BlackRock's BITA.