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08/13/2026

Goldman Sachs to Acquire Neos Investments for $2.25B, Gaining Bitcoin & ETH Income ETFs

What happened: Goldman Sachs has agreed to acquire Neos Investments for up to $2.

Goldman Sachs to Acquire Neos Investments for $2.25B, Gaining Bitcoin & ETH Income ETFs

What happened: Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion in cash and equity, a deal expected to close in Q1 2027 pending regulatory approval. Neos manages approximately $30 billion across 19 options-based income ETFs, including three crypto-focused ETFs: Bitcoin High Income ETF (BTCI, >$1B AUM), Boosted Bitcoin High Income ETF (XBCI, ~$111M AUM), and Ethereum High Income ETF (NEHI, >$77M AUM). These ETFs generate monthly income by writing covered calls on Bitcoin futures ETFs or spot BTC ETPs, rather than holding BTC or ETH directly. Post-acquisition, Goldman's active ETF AUM will rise to ~$80B, with a total ETF book of ~$130B, making it the 8th-largest active ETF provider globally.

Why it matters: This acquisition marks a significant expansion of Goldman's ETF footprint, especially in crypto-linked products, without directly launching its own spot BTC or ETH ETFs. The move reflects a strategic pivot by CEO David Solomon, who previously downplayed crypto, and follows Goldman's $2B Innovator Capital Management acquisition earlier this year. The deal signals growing institutional interest in crypto income products, even as direct spot ETF launches remain contentious in the U.S.

Source: The Block