Summary
- Goldman Sachs said it has signed a contract to acquire Innovator Capital Management, the manager of Bitcoin (BTC) structured funds.
- Through this acquisition, Goldman Sachs said it will manage about $28 billion of additional assets.
- It reported that rising institutional demand and the spread of BTC-based financial products are accelerating acquisition and expansion moves by traditional financial institutions.
Goldman Sachs has moved to strengthen the competitiveness of its digital asset-based products through the acquisition of Innovator Capital Management, which operates Bitcoin (BTC) structured funds.
On the 1st (local time), according to Cointelegraph, a virtual asset (cryptocurrency) specialist media, Goldman Sachs has signed a contract to acquire Innovator Capital Management, and the deal is expected to be completed within the second quarter of 2026. Through this acquisition, Goldman Sachs will manage about $28 billion of additional assets.
Innovator Capital Management is an asset manager that has offered various strategy products including Bitcoin-based structured funds, and Goldman Sachs plans to expand its exchange-traded fund (ETF) and structured product businesses based on this.
This acquisition is being seen as a sign that global financial institutions are entering the competition in virtual asset-related products. In particular, with rising institutional demand and the spread of BTC-based financial products coinciding, acquisition and expansion moves by traditional financial institutions are accelerating.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
