Goldman Sachs' derivative income ETF expansion
The developments in this story so far, most recent first.
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· date approximate Development
Goldman Sachs to acquire Neos for up to $2.25b cash and stock
No separate article for this desk or language yet.
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· date approximate Background
BlackRock launched its bitcoin income ETF, BITA, on Nasdaq on June 16, 2026.
On June 16, 2026, BlackRock released its bitcoin income ETF, BITA, on Nasdaq. The fund targets an annual yield of 15-25% by selling covered calls on 25-35% of its IBIT holdings and maintains an expense ratio of 0.65%.
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· date approximate Background
Goldman Sachs registered the Goldman Sachs Bitcoin Premium Income ETF with the SEC on April 14, 2026.
On April 14, 2026, Goldman Sachs registered the Goldman Sachs Bitcoin Premium Income ETF with the U.S. Securities and Exchange Commission. The filing proposed a product with a structure similar to covered-call investments.
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· date approximate Background
Goldman Sachs acquired Innovator Capital, an options-based ETF firm, for $2 billion.
Earlier in 2026, Goldman Sachs acquired Innovator Capital for $2 billion. The firm is noted for employing an options-based ETF strategy.
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· date approximate Background
Neos' BTCI bitcoin synthetic ETF launched in October 2024 and reached $1 billion in assets under two years.
Neos Investments launched BTCI, a bitcoin synthetic exchange-traded fund, in October 2024. The fund operates by holding spot bitcoin exchange-traded products and selling call options against those positions to generate monthly distributions, though it does not directly hold bitcoin.
According to Bloomberg senior ETF analyst Eric Balchunas, the BTCI fund has crossed $1 billion in assets in under two years. Specifically, it reached approximately $1.1 billion in assets with a yield of roughly 27%.