TLDR
- Goldman Sachs agreed to buy Neos Investments for up to $2.25 billion.
- The deal adds three Bitcoin and Ethereum income ETFs to Goldman’s lineup.
- Neos manages more than $30 billion across 19 options based ETFs.
- The deal is expected to close in the first quarter of 2027.
- The move could affect Goldman’s own pending Bitcoin ETF filing.
Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion.
The deal will bring three Bitcoin and Ethereum income ETFs into Goldman’s asset management business.
Neos currently manages more than $30 billion across 19 options based income ETFs.
The transaction is expected to close in the first quarter of 2027. It still needs regulatory approval and other standard closing steps.
Three Crypto Income Funds Join Goldman
The deal includes the Bitcoin High Income ETF, the Boosted Bitcoin High Income ETF, and the Ethereum High Income ETF.
The Bitcoin High Income fund launched in October 2024. It combines Bitcoin linked exposure with monthly income generated through options trading.
As of Wednesday, the fund held more than $1 billion in net assets. That makes it the largest of the three crypto focused funds from Neos.
The fund does not buy Bitcoin directly. Instead, it uses exchange traded products tied to Bitcoin along with options linked to a Bitcoin index.
The Boosted Bitcoin fund launched in February 2026. It uses a more aggressive version of the same strategy and aims for about 150% exposure.
That fund held about $111 million in net assets as of Wednesday. Bigger exposure also means bigger losses if Bitcoin prices fall.
The Ethereum High Income fund launched in December 2025. It had gathered more than $77 million in net assets.
Like the Bitcoin funds, this one does not hold Ether directly. It uses exchange traded products and an options based income strategy instead.
Neos was founded in 2022. It also runs income funds tied to stock indexes, bonds, and gold.
Goldman Sachs Chairman and CEO David Solomon said the deal fits well with the firm’s existing options strategies. He said investor demand for active ETFs continues to grow.
How This Affects Goldman’s Own Bitcoin ETF Plans
Goldman filed paperwork in April with the Securities and Exchange Commission for its own Bitcoin income fund. That fund has not launched yet.
Bloomberg analyst Eric Balchunas said the Neos deal may explain the delay. He said buying Neos could let Goldman skip ahead of rivals instead of building a new fund from scratch.
Goldman has not said if it will drop, change, or move forward with its own filed fund.
Competition in this space grew in June when BlackRock launched its own Bitcoin income ETF. That fund writes call options against part of its Bitcoin holdings each month.
BlackRock’s fund had about $59 million in net assets as of Wednesday. That is far less than the more than $1 billion held by Neos’s Bitcoin fund.
This is Goldman’s second large ETF purchase this year. In April, the firm completed a roughly $2 billion deal for Innovator Capital Management.
Goldman said derivative income ETFs across the industry now manage about $180 billion. It said the category has grown more than 70% a year since 2021.
Combined, Goldman’s asset management arm, Innovator, and Neos manage more than $130 billion in global ETF assets as of June 30. Goldman said this would make it the eighth largest active ETF provider.
Neos co-founders Troy Cates and Garrett Paolella are expected to become partners at Goldman Sachs once the deal closes. Neos staff are also expected to join the firm.
The post Goldman Sachs Buys Crypto ETF Firm Neos for Up to $2.25 Billion appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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