Goldman Sachs to Access BTCI via Neos, Yielding 27% on $1B Fund

Goldman Sachs plans to acquire BTCI through Neos trades. The $1B Bitcoin ETF yields 27%, capturing most BTC gains, potentially surpassing BlackRock’s BITA.

Woofun AI reports that Goldman Sachs intends to acquire exposure to BTCI through transactions on the Neos platform. BTCI is a Bitcoin-linked ETF valued at $1 billion, delivering a 27% yield while capturing the majority of Bitcoin's price appreciation. Bloomberg ETF analyst Eric Balchunas stated on X that this strategy clarifies why Goldman Sachs has not launched its previously applied-for Bitcoin-backed call option product, suggesting it is preferable to outperform BlackRock's BITA.