Goldman Sachs to acquire NEOS Investments in $2.25B deal, expanding Bitcoin structured products push

Published Aug 13, 02:30 PM UTC

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Goldman Sachs has agreed to acquire NEOS Investments, the asset manager behind the $1.1 billion Bitcoin High Income ETF (BTCI), in a cash-and-stock deal valued at up to $2.25 billion. NEOS manages about $30 billion across 19 options-based ETFs. The acquisition is expected to lift Goldman's active ETF assets to roughly $80 billion and total ETF assets under supervision to exceed $130 billion. BTCI does not hold Bitcoin directly but invests in spot Bitcoin ETFs and uses covered-call strategies to generate monthly income, putting Goldman in competition with BlackRock. Industry analysts view the move as Wall Street's shift from simple Bitcoin exposure to structured income-generating products for retirement and wealth-management clients. The news comes as Bitcoin trades around $64,000 following a cooler-than-expected US producer price index reading, with Bitcoin ETFs attracting over $850 million in inflows since Q3 began.

Source

Yahoo FinanceWestern

Original headline: Goldman Sachs Expands Bitcoin Push With $2.25B Asset Manager Deal

Original language: EN-US

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Goldman Sachs acquires ETF provider Neos Investments for $2.25 billion

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