Goldman Sachs Files for Bitcoin Income ETF as Wall Street Expands Crypto Push

After the US Securities and Exchange Commission approved the first spot Bitcoin ETFs in January 2024, Wall Street firms began moving beyond products that simply track Bitcoin’s price to strategies that use derivatives to generate income. Goldman Sachs’ proposed fund targets investors seeking both Bitcoin exposure and cash flow. Selling call options would generate premiums in exchange for sacrificing some upside, showing that competition in crypto investment products has entered a more strategy-driven phase.

Goldman Sachs ETF Trust filed Form 485APOS with the SEC on April 14, 2026, seeking to launch a Bitcoin income ETF. The fund would not hold Bitcoin directly, instead gaining exposure through spot Bitcoin ETPs and options. Under normal circumstances, its written call-option coverage ratio would range from 40% to 100%, with premium income expected to be distributed monthly. The filing did not disclose the fundraising target, management fee, ticker or exchange, and provides for the registration to take effect 75 days after filing.