Goldman Sachs moves from BlackRock's largest Bitcoin ETF holder to direct competitor
RT
Remy Thorne
Bitcoin ETF · Apr 14, 2026
Source: DojiDoji Data Terminal
Shareholders in the proposed Goldman Sachs Bitcoin Premium Income ETF will receive premium income generated by the sale of call options, but they will not participate in bitcoin price gains above the option's strike price. The fund will sell these options at a level typically between 40% and 100% of the value of its bitcoin exposure.
Goldman Sachs filed for the fund on April 14, 2026. The ETF will not hold bitcoin directly, but will instead gain exposure through spot bitcoin exchange-traded products and options tied to those products. At least 80% of the fund's net assets will be invested in these instruments under normal conditions.
This filing follows a January 23, 2026, filing by BlackRock for a competing iShares Bitcoin Premium Income ETF. Until recently, Goldman Sachs was the largest institutional holder of BlackRock's flagship spot bitcoin ETF, IBIT, with more than $1.4 billion of its $2.4 billion total crypto ETF holdings held in IBIT as of February 2026.
Goldman Sachs entered the market with the infrastructure to manufacture these products after acquiring Innovator for $2 billion in December 2025. The Bitcoin Premium Income ETF allows Goldman Sachs to manufacture its own yield products instead of holding competitor products.
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