Goldman Sachs Rolls Out Bitcoin ETF, Co-Leads $1B AI Debt Sale
Goldman Sachs launched its own in-house Bitcoin ETF after Morgan Stanley’s product gathered $100 million in its first six trading days, marking a major bank entry into crypto. The bank also co-led a $1 billion offering of 9.75% senior notes due 2031 for CoreWeave’s AI capacity expansion.
1. Goldman Sachs Launches In-House Bitcoin ETF
Goldman Sachs announced this week it launched its own Bitcoin exchange-traded fund, following Morgan Stanley’s product that attracted $100 million in its first six days. This marks one of the first in-house crypto ETFs by a major bank, aiming to keep client assets and management fees in-house.
2. Co-Leadership of CoreWeave $1 Billion Bond
The bank co-led a $1 billion sale of 9.75% senior notes due 2031 for AI-focused cloud provider CoreWeave, with the debt pricing at 102 cents on the dollar. Proceeds will fund expansion of high-end processor capacity after CoreWeave secured a $21 billion supply deal.