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Crypto

Goldman Sachs Buys Neos Investments for Crypto ETF Access

Guavy AI Editorial Team
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Goldman Sachs has made a significant move into cryptocurrency exchange-traded funds (ETFs) through its $2.25 billion purchase of Neos Investments.

The acquisition gives Goldman Sachs access to three Bitcoin and Ethereum options-income ETFs, which manage over $1.1 billion in combined assets.

Among the acquired funds are the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI).

The deal is expected to bring more than $30 billion in total assets under management into Goldman Sachs Asset Management.

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