Goldman Sachs · Bitcoin · Ethereum · Cointelegraph
Goldman Sachs to acquire ETF manager NEOS in $2.25 billion agreement
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The deal would add NEOS’ $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management.
Key facts
- NEOS manages $30 billion across 19 options-based income ETFs, including the Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI)
- The deal would add NEOS’ $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management
- Goldman Sachs has agreed to acquire exchange-traded fund manager NEOS Investments for up to $2.25 billion, a deal that would add the firm’s Bitcoin- and Ether-linked funds to its growing ETF business
- Goldman said the acquisition, together with its recent purchase of Innovator Capital Management, would bring its global ETF platform to about $130 billion in assets and make it the eighth-largest
Summary
Goldman Sachs has agreed to acquire exchange-traded fund manager NEOS Investments for up to $2.25 billion, a deal that would add the firm’s Bitcoin- and Ether-linked funds to its growing ETF business. NEOS manages $30 billion across 19 options-based income ETFs, including the Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI). The acquisition is expected to close in the first quarter of 2027, subject to regulatory approval, with NEOS co-founders Troy Cates and Garrett Paolella and the firm’s broader team set to join Goldman Sachs Asset Management. Goldman said the acquisition, together with its recent purchase of Innovator Capital Management, would bring its global ETF platform to about $130 billion in assets and make it the eighth-largest active ETF manager.