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Goldman Sachs to gain bitcoin and ETH income ETFs in up to $2.25 billion Neos acquisition

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Goldman Sachs is set to add three crypto options-income ETFs to its asset management business through the Neos Investments deal it announced Wednesday.

Key facts

Summary

Goldman has agreed to acquire Neos for up to $2.25 billion in cash and equity, subject to certain performance and service commitments. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval and other customary conditions. Neos, founded in 2022, manages over $30 billion across 19 options-based income ETFs, according to its website. "As investor demand for active ETFs grows, NEOS' disciplined investment approach is highly complementary to our capabilities across buffer, managed outcome and income strategies," said David Solomon, chairman and CEO of Goldman Sachs.

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