The company has stated that the ultimate payout of the product will be determined by the combined performance of both BTC and its gold-backed token XAUT.
According to the report, the surge of 76% in Bitcoin's value this year seems to have been fueled by purchases from individual or non-professional investors.
A report from Blockdata says that BlackRock, Morgan Stanley, Samsung, and Goldman Sachs are also important corporate investors.
According to the bank, the stock market downturn has had a significantly higher impact on household net worth in the United States.
Goldman Sachs' global head of digital assets said that institutional demand for cryptocurrencies is increasing, and that the bank has been 'actively widening' its market capabilities to meet that demand.
Lloyd Blankfein, the former CEO of Goldman Sachs, has advised that businesses and consumers in the United States should prepare for a downturn. He emphasized that the risk is 'extremely high.'
If this real estate listing is any indication, Connecticut's Gold Coast will soon become the Crypto Coast.
The American economy continues to look bleak, and indicators of an impending recession continue to emerge. Goldman Sachs' chief economist stated last week in a note to clients that the bank views the "odds of a recession as around 15% in the next 12 months and 35% in the next 24 months." Additionally, John Mauldin, a prominent financial expert, states that he would not be surprised if the stock market plummeted by 40% this year, as he believes a recession is imminent.