Goldman Sachs, BlackRock Plan Bitcoin Options Income ETFs

Spot Bitcoin ETFs have brought crypto assets into traditional investment portfolios, and Goldman Sachs and BlackRock are now targeting income-oriented products. Such ETFs hold Bitcoin-linked exchange-traded products and sell call options to collect premiums, sacrificing some upside potential. If these funds grow in scale, market makers’ hedging activity could dampen price volatility.

Goldman Sachs filed with the U.S. Securities and Exchange Commission on April 14, 2026, to launch the Bitcoin Premium Income ETF, which would invest at least 80% of its net assets in Bitcoin exposure. The fund is expected to maintain a call-option coverage ratio of 40%–100% and aims to make monthly distributions. BlackRock is preparing a similar product. Bitcoin traded at about $74,000 on April 15, below the previous day’s high of nearly $76,000, while the CoinDesk 20 Index fell more than 1% over 24 hours.