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Goldman Sachs to buy NEOS Investments for up to $2.25B

The deal would fold NEOS’ $30 billion lineup of options-based Bitcoin and Ether income ETFs into Goldman Sachs Asset Management, with a planned close in Q1 2027 pending regulatory approval.

Reported · Written up by our desk · ETFs

Goldman Sachs has agreed to acquire exchange-traded fund manager NEOS Investments for up to $2.25 billion, a transaction aimed at expanding Goldman Sachs Asset Management’s ETF platform with NEOS’ crypto-linked products, according to Cointelegraph.

NEOS oversees $30 billion across 19 options-based income ETFs, including funds such as the Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI), and the Ethereum High Income ETF (NEHI). Cointelegraph reports that the strategy is designed to generate monthly income while maintaining exposure to Bitcoin or Ether.

The acquisition is expected to close in the first quarter of 2027, subject to regulatory approval. NEOS co-founders Troy Cates and Garrett Paolella and the rest of the team are expected to join Goldman Sachs Asset Management.

Cointelegraph adds that the combined impact of the NEOS deal and Goldman’s earlier purchase of Innovator Capital Management would bring Goldman’s global ETF platform to about $130 billion in assets, making it the eighth-largest active ETF manager. The report also notes that Bloomberg ETF analyst Eric Balchunas characterized the acquisition as a “semi-shock,” citing NEOS’ rapid growth since its 2022 founding and Goldman’s back-to-back ETF purchases.

Latest closeBitcoin $63,468.73 ▼0.1%|Ethereum $1,878.01 ▼0.2%

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