Goldman Sachs to Acquire NEOS Investments in Deal Worth Up to $2.25 Billion, Gaining Bitcoin and Ether Income ETFs
Goldman Sachs is acquiring NEOS Investments in a cash-and-equity deal worth up to $2.25 billion, according to CoinDesk and The Block.
The deal brings Goldman Sachs Asset Management control of NEOS’s roughly $30 billion ETF business, including its Bitcoin- and Ether-linked income funds, according to Cointelegraph. Those products include the Bitcoin High Income ETF, the Boosted Bitcoin High Income ETF and the Ethereum High Income ETF, according to The Block.
NEOS specializes in options-income strategies, and its Bitcoin covered-call fund alone holds roughly $1 billion in assets, according to Decrypt. The acquisition gives Goldman immediate scale in the crypto-linked income ETF space, an area where the bank had only recently entered on paper, Decrypt reported.
CoinDesk described the buyout as Goldman’s entry into bitcoin income ETFs, folding NEOS’s existing product lineup directly into its asset management arm rather than building comparable funds from scratch.
Sources: The Block, CoinDesk, Decrypt, Cointelegraph
This article is for information only and is not financial advice.
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