Goldman Sachs to Acquire NEOS for $2.25B, Challenging BlackRock in Bitcoin Yield

Goldman Sachs targets $2.25B NEOS acquisition to access $1.1B BTCI fund, aiming to overtake BlackRock in Bitcoin income ETFs despite high yield risks.

Woofun AI reports that Goldman Sachs intends to acquire ETF manager NEOS Investments for up to $2.25 billion, with completion expected in the first quarter of 2027 pending regulatory approval. The deal grants access to the NEOS Bitcoin High Income ETF (BTCI), which holds approximately $1.1 billion in assets under management and offers a 27% yield by selling call options on Bitcoin-related ETFs. This move allows Goldman Sachs to bypass product development and potentially surpass BlackRock's BITA, which currently manages only $59 million. While BTCI's strategy generates high monthly returns, it carries downside risk during market rallies, with its net value declining 43% over the past year.