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Goldman Sachs Buys Bitcoin ETF Giant | Bitcoin and Crypto News

Goldman Sachs Buys Bitcoin ETF Giant | Bitcoin and Crypto News

Published 2 weeks, 6 days ago
Description

Goldman Sachs is poised to dominate the bitcoin ETF race by snapping up NEOS Investments for up to $2.25 billion — the firm behind the wildly successful BTCI ETF, which already boasts $1.1 billion in assets. The deal, expected to close in early 2027, adds 19 funds and $30 billion in assets to Goldman’s ETF portfolio, pushing its total AUM past $130 billion and putting it head-to-head with BlackRock. NEOS’s proven strategy — holding bitcoin-linked products while selling call options to generate steady income — appeals to investors seeking yield over upside, a model that’s exploded in popularity as derivative income ETFs grow at 70% annually since 2021. With NEOS’s co-founders joining Goldman as partners, this isn’t just a one-product play — it’s a full-scale bet on becoming the go-to ETF powerhouse in digital assets.

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