Stocks
Goldman Sachs Snatches NEOS Investments for $2.3 Billion
Goldman Sachs has announced its $2.3 billion acquisition of NEOS Investments, an ETF issuer managing $30 billion in options-based income funds.
The deal includes NEOS's Bitcoin High Income ETF, which offers a 26.73% distribution rate and holds about $1.1 billion in assets.
This move expands Goldman Sachs's presence in Bitcoin-linked ETFs, emphasizing yield-focused products using a covered-call strategy rather than direct Bitcoin holdings.