Goldman Sachs is eyeing BTC profits, is this truly bullish or is there another plan?

Many people see Goldman Sachs entering the market and their first reaction is:
Institutions are bullish!
But the question is—
Are they really just bullish?
The core of yield-based ETFs is not just holding, but generating returns through strategies.
What does this mean?
✔ They are not just betting on the direction
✔ They are also making money from volatility
In other words—
Regardless of whether prices go up or down, as long as there is volatility, there are opportunities.
This is completely different from retail investors' thinking.
Retail investors are thinking: Will it go up or down?
Institutions are thinking: How to monetize volatility?
So, the message conveyed by this application is:
BTC has entered the "strategy era."
In one sentence:
Institutions are not here to gamble on the market, they are here to "do business."
#高盛申请比特币收益型ETF