Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion, bringing three crypto-focused income ETFs into its asset management business.
The deal will add the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI) to Goldman Sachs Asset Management. The funds do not directly hold bitcoin or ether, instead gaining exposure through crypto-linked exchange-traded products while using options strategies to generate monthly income.
Neos, founded in 2022, manages more than $30 billion across 19 options-based income ETFs. BTCI is its largest crypto product, with more than $1 billion in net assets, while XBCI manages about $111 million and NEHI more than $77 million.
The acquisition is expected to close in the first quarter of 2027, subject to regulatory approval and customary closing conditions. Neos co-founders Troy Cates and Garrett Paolella, along with the company’s investment and client-service teams, are expected to join Goldman Sachs Asset Management after completion.
The transaction further expands Goldman’s push into actively managed and options-based ETFs, following its roughly $2 billion acquisition of Innovator Capital Management earlier in 2026. $BTC
The deal will add the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI) to Goldman Sachs Asset Management. The funds do not directly hold bitcoin or ether, instead gaining exposure through crypto-linked exchange-traded products while using options strategies to generate monthly income.
Neos, founded in 2022, manages more than $30 billion across 19 options-based income ETFs. BTCI is its largest crypto product, with more than $1 billion in net assets, while XBCI manages about $111 million and NEHI more than $77 million.
The acquisition is expected to close in the first quarter of 2027, subject to regulatory approval and customary closing conditions. Neos co-founders Troy Cates and Garrett Paolella, along with the company’s investment and client-service teams, are expected to join Goldman Sachs Asset Management after completion.
The transaction further expands Goldman’s push into actively managed and options-based ETFs, following its roughly $2 billion acquisition of Innovator Capital Management earlier in 2026. $BTC