Goldman Sachs has announced its decision to acquire NEOS Investments in a deal that could reach up to $2.25 billion, combining cash and stock. This acquisition will enable Goldman to manage 19 exchange-traded funds (ETFs) that are associated with Bitcoin and Ethereum. NEOS's products, including the Bitcoin High Income ETF and the Boosted Bitcoin High Income ETF, collectively hold around $30 billion in assets.
The completion of this transaction is anticipated in the first quarter of 2027, subject to regulatory approvals. Following this acquisition, Goldman Sachs's assets under management in ETFs are expected to surpass $130 billion.
