The investment giant, Goldman Sachs, has agreed to acquire Neos Investments for up to $2.25 billion, including a deal that would bring three crypto options-based income exchange-traded funds (ETFs) under its asset management business.
David Solomon, Chairman and CEO of Goldman Sachs, expressed enthusiasm over the acquisition, noting that NEOS’ disciplined investment approach is highly complementary to their capabilities in buffer, managed outcome, and income strategies. The acquisition is expected to close by the first quarter of 2027.
Neos Investments manages over $30 billion across 19 options-based income ETFs as of its website. Among these funds, BTCI, the largest fund, has about $1 billion in net assets as of March 28, according to Neos’ website. XBCI and NEHI have net asset values of approximately $111 million and $77 million respectively.
The acquisition includes three crypto ETFs that use options to generate monthly income, making it one of the largest such deals in the industry. The deal is expected to bolster Goldman Sachs’ existing portfolio of derivative income ETFs and potentially impact the growth trajectory of these funds within the broader market.
Whether or not Goldman has altered its plans regarding the filed Bitcoin Premium Income ETF (BITA), an aspect that remains uncertain, could influence future developments in the industry. The Neos deal is also expected to shape how derivative income ETFs are integrated into investor portfolios and their potential for growth in the sector.
Written by Rebecca Shaw
Industry Desk
