Goldman Sachs has made a strategic move by acquiring Innovator Capital Management for an estimated $2 billion. This acquisition significantly boosts Goldman Sachs’s assets under management and marks a key shift towards digital asset investment. The deal is expected to close in the second quarter of 2026, significantly expanding Goldman Sachs’ portfolio through innovative exchange-traded fund (ETF) products. Notably, the purchase includes Innovator Capital Management’s offerings of defined-outcome ETFs using options strategies to mitigate risk and allow investors to participate in market gains. One notable product is the Quantitative Bitcoin ETF (QBF), launched by Innovator in February, which seeks to capture 71% of Bitcoin’s price increase while capping quarterly losses at 20%. The fund currently holds about $19.3 million in assets under management.