Goldman Sachs Acquires Neos for $2.25B, Gaining $1B BTC Options ETF

Goldman Sachs buys Neos Investments for up to $2.25B in cash and stock, acquiring its $32B AUM portfolio including the $1B Bitcoin Premium Income ETF (BTCI).

Woofun AI reports that Goldman Sachs will acquire ETF issuer Neos Investments for up to $2.25 billion through a combination of cash and stock transactions. Neos currently manages nearly 24 options-based ETFs with total assets under management of approximately $32 billion. Following this acquisition, Goldman Sachs' ETF assets under management are projected to rise to roughly $130 billion. The deal provides Goldman Sachs access to the Bitcoin Premium Income ETF (BTCI), which holds around $1 billion in assets. This fund utilizes Bitcoin-related assets and options strategies to generate returns, featuring a distribution rate of about 27%.