Goldman Sachs files with SEC to launch Bitcoin fund

Goldman Sachs filed with the SEC on April 14, 2026 to launch a Bitcoin Premium Income ETF that would gain indirect Bitcoin exposure via spot Bitcoin ETPs, options on spot Bitcoin ETPs and ETP indices. The fund would invest at least 80% of net assets in Bitcoin-exposed investments and rely on covered-call strategies (covering 40%–100% of exposure) to generate income, using a Cayman Islands subsidiary to avoid direct commodity-holding limits. The proposal adds to growing institutional adoption — U.S. bitcoin ETPs have attracted roughly $56.45 billion in cumulative inflows — and comes as Bitcoin traded near $74,924, up about 4% on the day, signaling positive market reception. If approved, the product could broaden yield-seeking demand for Bitcoin-linked products, though it would not hold Bitcoin directly and differs from pure spot ETFs.