Goldman Sachs to acquire Bitcoin and Ethereum income ETF products through Neos Investments deal, expanding institutional yield-generating crypto exposure.
Macro & Markets ·
Goldman Sachs is acquiring Neos Investments in a deal valued at as much as $2.25 billion, expected to close in the first quarter of 2027, to gain three Bitcoin and Ethereum income ETFs that use options strategies to generate monthly distributions. The trio of funds—Neos Bitcoin High Income ETF (BTCI) with over $1 billion in net assets, Boosted Bitcoin High Income ETF (XBCI) at around $111 million, and Ethereum High Income ETF (NEHI) exceeding $77 million—employ covered-call approaches rather than holding the cryptocurrencies directly. The acquisition will bring Goldman's combined active ETF holdings to roughly $80 billion and positions the firm among the top eight active ETF providers as demand for derivative income ETF products has expanded to around $180 billion in assets with compound annual growth exceeding 70 percent since 2021.