Just a moment ago, I saw news that Goldman Sachs filed an application to obtain an ETF fund license for bitcoin with the SEC—only a few days after Morgan Stanley just launched a similar product. This is quite interesting, because it shows that major financial institutions are actively vying for positions in the crypto market.

According to the information, Goldman Sachs—one of the world’s largest asset management firms, with $3.65 trillion in AUM—filed the application on April 14. The product is called the Goldman Sachs Bitcoin Premium Income ETF, designed to generate a steady stream of income for investors. Instead of buying bitcoin directly, they will invest at least 80% in spot bitcoin ETPs and related products, and sell call options to generate monthly dividends.

This approach helps ensure stable income, but it also caps potential gains if BTC rises sharply—a trade-off that older investors may be willing to accept. With the SEC’s 75-day review cycle, the bitcoin ETF approval date is expected to fall at the end of June 2026.

What’s also interesting is that Goldman Sachs is currently diversifying its crypto ETF lineup—not only bitcoin, but also ethereum, solana, and even the largest holder of XRP global ETFs. This reflects a clear trend: major financial institutions are proactively adjusting their strategies so they don’t miss the wave of digital asset investing.

As it turns out, the bitcoin ETF approval date is no longer a question of “if,” but “when.” Not only Goldman Sachs, but Grayscale and BlackRock are also offering similar products. Yesterday, Bitcoin spot funds recorded net outflows of $291 million, while Ethereum spot attracted $9.44 million. The market picture is changing quite quickly, and these companies are taking the opportunity to create products to maintain their competitive edge.