Goldman Sachs · Bitcoin · Wall Street · Ethereum · Bitcoin Magazine
Goldman Sachs to Acquire NEOS Investments in $2.25 billion Deal, Adding Bitcoin Income ETFs to Lineup
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The deal gives the bank a ready-made foothold in Bitcoin-income ETFs space.
Key facts
- Combined with Goldman Sachs Asset Management’s existing $40 billion in income-oriented, options-based ETFs, the deal will push Goldman’s active ETF business to about $80 billion, making it
- NEOS manages roughly $30 billion across 19 ETFs that use options strategies to generate monthly income
- Goldman Sachs has agreed to acquire NEOS Investments in a deal worth up to $2.25 billion that will give the Wall Street giant another Bitcoin-related product for its portfolio, the banking giant
- The deal will be in cash and equity, contingent on performance and service milestones, and will bring the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High
Summary
Goldman Sachs has agreed to acquire NEOS Investments in a deal worth up to $2.25 billion that will give the Wall Street giant another Bitcoin-related product for its portfolio, the banking giant announced Wednesday. The deal will be in cash and equity, contingent on performance and service milestones, and will bring the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI) under Goldman Sachs Asset Management. CEO David Solomon called NEOS’s approach “highly complementary” to Goldman’s existing buffer, managed-outcome and income capabilities. NEOS co-founders Garrett Paolella and Troy Cates, who will join Goldman Sachs Asset Management as partners, framed the deal as pairing NEOS’s “entrepreneurial spirit” with Goldman’s scale.