Goldman Sachs to add Bitcoin, Ethereum ETFs in $2.25B Neos deal
Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion, a deal that will add three Bitcoin and Ethereum options-income ETFs managing more than $1.1 billion combined to its asset management business. SummaryGoldman Sachs will acquire Neos Investments for up to $2.25 billion.The deal will add three Bitcoin and Ethereum income ETFs to Goldmans asset management business.Neos manages more than $30 billion across 19 options based income ETFs.The transaction is expected to close in the first quarter of 2027, subject to regulatory approval. According to Goldman Sachs, the cash-and-equity transaction will bring Neos and its more than $30 billion in assets under management into Goldman Sachs Asset Management, subject to performance and service commitments tied to the agreement. The acquisition is expected to close in the first quarter of 2027 after regulatory approval and other customary closing conditions. Among the 19 Neos funds included in the transaction are the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI), giving Goldman an existing lineup of crypto-linked income products while its own proposed Bitcoin income fund remains on file with U.S. regulators. Goldman Sachs will inherit three crypto income ETFs Neos launched BTCI in October