Goldman Sachs has agreed to acquire NEOS Investments for up to $2.25 billion, marking a significant move into the crypto space.
The deal includes native income exchange-traded funds (ETFs) for Bitcoin and Ethereum, as well as nearly 20 options-based funds.
NEOS manages around $32 billion in assets, and Goldman's ETF holdings are expected to rise to approximately $130 billion after the acquisition.
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