POPA ReconGoldman Sachs to acquire NEOS in $2.25B crypto ETF deal
Goldman Sachs to acquire NEOS in $2.25B crypto ETF deal Goldman Sachs has agreed to buy ETF manager NEOS Investments for up to $2.25 billion in cash and stock, handing the Wall Street giant a ready-made Bitcoin and Ether income ETF business. NEOS runs about $30 billion across 19 options-based income ETFs, including its Bitcoin High Income (BTCI), Boosted Bitcoin (XBCI) and Ethereum High Income (NEHI) funds. Rather than holding the coins, they run options strategies on crypto-linked exposure to pay out monthly income, with yields driven largely by selling option premium. Co-founders Troy Cate…
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