Goldman Sachs Acquires Innovator for $2 Billion, Adding Bitcoin-Linked ETF to Portfolio

Goldman Sachs has completed a major acquisition of Innovator Capital Management, a firm specializing in defined-outcome exchange-traded funds (ETFs), for approximately $2 billion. This strategic move brings Innovator’s offerings, including a Bitcoin structured fund, under Goldman Sachs Asset Management’s umbrella. The transaction is expected to close in the second quarter of 2026 and will significantly boost Goldman Sachs’ asset management holdings, now totaling $3.45 trillion in assets under supervision.