Goldman Sachs has announced the acquisition of ETF issuer Innovator Capital for $2 billion. While the statement did not explicitly mention cryptocurrencies, the market perceives this move as a strategic expansion into the digital asset space. Goldman Sachs is already an authorized participant for several spot Bitcoin ETFs, including those from BlackRock and Grayscale, handling daily creations and redemptions. Innovator Capital offers structured Bitcoin products like QBF, providing buffered exposure to the cryptocurrency. Industry experts suggest that this acquisition not only enhances Goldman's ETF manufacturing capabilities but also opens compliant distribution channels for Bitcoin-related products across private banking, advisory, and wealth platforms, areas typically challenging for crypto-native firms to penetrate.