Goldman Sachs Pours Billions into Crypto with $2.25 Billion NEOS Acquisition

Goldman Sachs has reached an agreement to acquire NEOS Investments for up to $2.25 billion in cash, marking a significant shift in its crypto strategy. The acquisition aims to integrate NEOS's Bitcoin- and Ethereum-related fund products into Goldman Sachs' expanding ETF business landscape.

The core assets of NEOS lie in its unique option-strategy product line, which includes 19 options-based income ETFs with total assets under management (AUM) reaching $30 billion. The flagship products include the Bitcoin High Income ETF (BTCI.US), the Enhanced Bitcoin High Income ETF (XBCI.US), and the Ethereum High Income ETF (NEHI.US).

Data compiled by Woofun AI indicates that such structured products have demonstrated strong appeal in the current market environment, serving as a key driver behind NEOS's rapid expansion. The transaction is subject to final regulatory approval and is expected to close in the first quarter of 2027.