Goldman Sachs: Acquires BTCI via Neos Deal

Goldman Sachs will acquire $BTCI in the Neos deal, a $1b bitcoin premium income ETF that yields 27% and captures most of bitcoin's run-ups, which explains why the bank skipped its own covered call filing to leapfrog BlackRock's $BITA.

With BTC trading at $63537.09 inside the Bollinger band and testing upper resistance at $65568.11 while the MACD death cross sits at -249.17, the bearish structure points to a likely retracement toward EMA50 support at $64297.98 before any further upside in bitcoin etf yields and covered call bitcoin strategy flows.