NEW YORK — Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion, a deal that immediately expands the firm's position in the actively managed exchange-traded fund market through a suite of crypto-focused income ETFs.
The transaction encompasses Neos's Bitcoin High Income ETF, Boosted Bitcoin High Income ETF and Ethereum High Income ETF — products that use options strategies to generate yield from underlying digital assets.
The acquisition adds $30 billion in assets under management to Goldman's platform, pushing its total active ETF assets to approximately $80 billion as of June 30, 2026. The firm's global ETF platform manages $130 billion.
Goldman said the Neos deal, combined with its earlier acquisition of Innovator Capital Management, reflects a strategic push into actively managed ETFs, a segment that has grown rapidly across the asset management industry.
Neos specializes in options-based income ETFs designed to generate consistent yield — a model that contrasts with passive index-tracking funds and targets investor demand for income in volatile asset classes.
The integration of Neos's crypto income funds positions Goldman to compete for a larger share of the digital asset investment market. Bitcoin and Ethereum spot ETFs have traded for more than two years, establishing a base for more complex crypto-linked products.
The transaction is structured as a combination of cash and equity, valued at up to $2.25 billion.
