Goldman Sachs has filed with US securities regulators to launch a Bitcoin-linked exchange-traded fund (ETF), contributing to a massive $411.5 million daily inflow into US-listed spot Bitcoin ETFs on Tuesday. This move by the former Bitcoin critic follows similar recent moves by Morgan Stanley and BlackRock into the digital asset space.
According to SoSoValue data reported by r/cryptocurrency, the Tuesday inflows represent the second-largest daily increase recorded in April 2026. These fresh capital injections have pushed total net flows for the year to approximately $245 million, pushing total assets under management above $96.5 billion.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the surge with roughly $214 million in inflows, according to Farside data. Both IBIT and Morgan Stanley’s MSBT extended their respective inflow streaks to five days.
Institutional strategies to curb volatility
Beyond simple spot exposure, major financial institutions are targeting volatility reduction through options-based products. CoinDesk reports that Goldman Sachs has applied for a Bitcoin Premium Income ETF, a product designed to generate yield by writing options tied to Bitcoin-linked exchange-traded products.
BlackRock is also reportedly seeking to launch a similar income-generating product. These funds would use covered options strategies to provide investors with exposure while attempting to dampen price swings through large-scale options selling and dealer hedging.
"If Bitcoin is looking for external signals, it may remain indecisive until key US stock indices hit new highs," Alex Kuptsikevich, chief market analyst at FxPro, told CoinDesk.
Kuptsikevich also suggested that the current stagnation in Bitcoin's price might indicate a "fragile risk appetite that will soon manifest in the broader market."
While the Bitcoin price briefly touched a multi-week high above $75,000 on Tuesday, it later retreated to trade around $73,852, according to CoinGecko. The market remains sensitive to macro indicators, with traders watching US stock indexes and rising global debt warnings from the IMF.
This positive momentum extended to the broader altcoin market as well. r/cryptocurrency reported that spot Ether ETFs recorded $53 million in inflows, while XRP funds saw $11 million in gains. Even Dogecoin ETFs participated in the rally, recording approximately $187,000 in inflows.
