Goldman Sachs acquires NEOS for $2.25B to expand bitcoin income ETF business

Goldman Sachs has agreed to acquire NEOS, a bitcoin income ETF provider, in a deal valued at $2.25 billion. The acquisition will significantly expand Goldman's derivatives-based ETF platform, bringing its total ETF assets to approximately $130 billion. The move positions Goldman Sachs as a stronger competitor in the bitcoin income ETF space. According to analysts, the deal directly targets BlackRock's rival BITA fund. The buyout signals Goldman's growing ambition to capture a larger share of the rapidly expanding crypto ETF market.