Get €3000Breaking: $3.6T Goldman Sachs Files For Bitcoin Premium Income ETF With SEC
Highlights
- Goldman Sachs has filed a registration statement for a Bitcoin Premium ETF with the SEC.
- The fund will invest up to 80% of its net assets in investments that provide Bitcoin exposure.
- The fund will seek to generate income for investors by selling call options.
Wall Street giant Goldman Sachs has become the second bank to file for a Bitcoin ETF, seeking to generate income from Bitcoin price returns for its clients. The Fund will invest most of its net assets in products that provide BTC exposure rather than directly in BTC.
Goldman Sachs Files For A Bitcoin Premium Income ETF
An SEC filing shows that the banking giant has filed for a Bitcoin Premium Income ETF with the Commission. The Fund will seek to invest at least 80% of its net assets in investments that provide exposure to Bitcoin. These investment products will include spot Bitcoin ETFs, options on spot BTC ETFs, and options on Bitcoin ETF indices.
Goldman Sachs becomes the second bank to file for a Bitcoin ETF after Morgan Stanley, which launched its Bitcoin ETF last week. However, unlike a spot BTC ETF, the Bitcoin Premium ETF will not invest directly in BTC. Instead, it will invest in products that provide exposure to Bitcoin.
In the prospectus, the bank noted that the Fund may hold shares of spot Bitcoin ETFs and Bitcoin ETF options directly with the objective of generating income for investors. To generate income, Goldman Sachs added that the Fund will sell call options on the Bitcoin ETF at a premium.
The filing comes as the Bitcoin price rebounds, with the leading crypto reaching as high as $76,000 today. BTC is currently trading at around $75,000, up from an intraday low of around $74,000.
The Competition With BlackRock
Bitcoin ETF issuer BlackRock, the world’s largest asset manager, has also filed for a Bitcoin Premium ETF. Bloomberg analyst Eric Balchunas pointed out that Goldman Sachs filed for the Fund under the ’40 Act, unlike BlackRock, which filed under the ’33 Act.
Interesting side note: this is a ’40 Act filing so it has to use a Cayman Subsidiary to get around regulatory limitations re holding commodities. BlackRock meanwhile has a ’33 Act product that is similar. Goldman may sense opp to leap frog them and/or is prob hearing from their… pic.twitter.com/KOoCK5sT6U
— Eric Balchunas (@EricBalchunas) April 14, 2026
With the ’40 Act filing, he noted that the bank has to use a Cayman Subsidiary to circumvent regulatory limitations on holding commodities. He explained that the Wall Street giant may sense an opportunity to leapfrog BlackRock, or is probably hearing from their clients that they want BTC but with less volatility and are happy to give up some upside for lower downside and income.
Balchunas had also described Goldman Sachs’ filing as a ‘shock,’ stating that he didn’t see this coming. He explained that he thought that JP Morgan and Goldman Sachs would sit out crypto in favor of competing in other categories.
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