Goldman Sachs Buys Bitcoin Income ETF Manager NEOS in $2.2B Deal

TLDR

• Goldman Sachs agreed to buy NEOS Investments for up to $2.25 billion in a cash-and-equity deal
• NEOS manages $30 billion across 19 options-based income ETFs, including Bitcoin and Ether funds
• The deal will bring Goldman’s total ETF assets to around $130 billion, making it the eighth-largest active ETF manager globally
• NEOS’ flagship Bitcoin High Income ETF launched in October 2024 and crossed $1 billion in assets in under two years
• The deal is expected to close in the first quarter of 2027, pending regulatory approval

Goldman Sachs has agreed to buy ETF manager NEOS Investments for up to $2.25 billion. The deal gives the Wall Street bank direct access to a fast-growing crypto and options-based ETF business.

We're excited to announce that @NEOSInvestments is joining Goldman Sachs Asset Management.

Together, we'll combine NEOS’ innovative investment platform with Goldman’s global scale and resources seeking to bring even greater value to our investors, all while preserving the team,… pic.twitter.com/QRfropJBCK

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