The Goldman Sachs Bitcoin Premium Income ETF “seeks current income while maintaining prospects for capital appreciation,” according to the statement.
The bank will not sell these securities until the registration statement is effective, it said.
According to the preliminary prospectus included in the statement, the bitcoin ETF will invest at least 80% of its net assets in investments that provide exposure to bitcoin, including bitcoin exchange-trade products (ETPs) and, to generate income, will sell bitcoin ETP options for premiums.
The bitcoin ETF may outperform portfolios without an options strategy when the price of bitcoin is generally unchanged or falling, but it may underperform those portfolios when the price is rising, per the statement.
Goldman Sachs closed its acquisition of ETF firm Innovator Capital Management on April 2, saying the $2 billion deal is designed to enhance Goldman Sachs Asset Management’s offerings in what it calls the field of defined outcome ETFs.
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The SEC authorized bitcoin ETFs in January 2024 after years of opposition to the idea.
A year later, in January 2025, it was reported that ETF companies had submitted more than a dozen filings with the SEC, seeking approval for cryptocurrency-focused ETFs.
In June 2025, it was reported that JPMorganChase planned to offer financing to clients using spot bitcoin ETFs such as BlackRock’s iShares Bitcoin Trust (IBIT) as collateral.
The report said that counting clients’ holdings in crypto ETFs toward net worth and liquidity calculations placed them alongside stocks and real estate in eligibility assessments. It also said JPMorganChase’s decision reflected the bank’s growing acceptance of regulated crypto exposure in mainstream finance.
In January, it was reported that Morgan Stanley entered the cryptocurrency ETF space by submitting paperwork for a Bitcoin Trust and a Solana Trust, each of which would hold the individual cryptocurrencies.
The report said that Morgan Stanley was joining several other traditional Wall Street players in increasing their exposure to digital assets. Goldman Sachs, Citigroup and JPMorganChase had all launched crypto-related projects.
At that time, over $150 billion was already parked across some 130 U.S. funds, with much of that money tied to bitcoin-specific products.
