Goldman Sachs Buys NEOS and SNB Reveals BTC Exposure

Goldman Sachs has acquired NEOS Investments and its Bitcoin High Income ETF (BTCI) for $1.1 billion, expanding its presence in the crypto ETF market.

This deal bypasses delays with the US Securities and Exchange Commission (SEC), where Goldman Sachs had filed an application for its own native ETF four months ago.

The NEOS Bitcoin High Income ETF tracks the digital asset's price while selling options contracts to generate a consistent yield, charging investors a 0.99% fee.

Swiss National Bank (SNB) has also revealed a multi-million-dollar position in the Bitcoin treasury firm Strategy, owning 736,300 shares of MSTR worth about $72 million.