Goldman Sachs Buys Major ETF Issuer with $3 Billion in Assets

Global investment giant Goldman Sachs has made a significant move in the cryptocurrency and ETF market by acquiring NEOS Investments, a company that manages over $3 billion in assets.

The acquisition marks a major expansion for Goldman Sachs into the ETF (exchange-traded fund) space, which allows investors to pool their money together to invest in a particular asset or sector.

No details were provided on the financial terms of the deal, but it is expected to boost Goldman Sachs' presence in the rapidly growing cryptocurrency and ETF market.