The Goldman Sachs Bitcoin Premium Income ETF is an actively managed fund from Goldman Sachs Asset Management and a series of the Goldman Sachs ETF Trust, a Delaware statutory trust. It does not hold bitcoin directly. Instead it puts at least 80% of net assets into bitcoin-linked instruments, mainly shares of spot bitcoin ETPs plus options on those ETPs and on bitcoin ETP indices, with up to 25% of total assets routed through a wholly owned Cayman Islands subsidiary called the Goldman Sachs Bitcoin Premium Income Portfolio CFC. Income comes from a dynamic overwrite strategy in which the fund writes call options against 40% to 100% of its bitcoin exposure and passes the collected premiums to shareholders, with monthly distributions intended. Raj Garigipati, Oliver Bunn and Sergio Calvo de Leon manage the fund.