Goldman Sachs has taken a $2.25 billion position in BTCI, a Bitcoin yield ETF, reportedly outpacing BlackRock's exposure by 19x. The fund posts a 26.73% distribution rate and a 1.62% SEC yield — numbers that sound attractive until you clock the negative 41.66% one-year NAV return. Yield, it turns out, is easier to advertise than to deliver.
Wall Street's biggest name chasing Bitcoin income products is a signal worth noting — even if the product's own track record gives pause.
Subscribe @CryptoMiami
