Goldman’s Bitcoin ETF Push Signals Wall Street Taming of Crypto

Goldman Sachs Group Inc. this week became the latest major Wall Street firm to file for a Bitcoin ETF — joining Morgan Stanley, BlackRock Inc. and a growing roster of institutions racing to package cryptocurrencies for mainstream investors.

Goldman’s twist: a product that generates monthly income by selling options, offering cautious investors a yield in exchange for capped upside during rallies.

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.

The structure is ...