Goldman Sachs Acquires ETF Manager NEOS for $2.25 Billion

TechFlow news, August 13. According to Cointelegraph, Goldman Sachs has agreed to acquire ETF management company NEOS Investments for up to $2.25 billion. The transaction is expected to be completed in Q1 2027, subject to regulatory approval. NEOS manages $30 billion in assets, covering 19 options income ETFs, including crypto-linked funds such as Bitcoin High Income ETF (BTCI) and Ethereum High Income ETF (NEHI).

Following the acquisition, Goldman Sachs' global ETF platform assets will reach approximately $130 billion, becoming the eighth-largest active ETF management company. NEOS co-founders Troy Cates and Garrett Paolella and their team will join Goldman Sachs Asset Management. Bloomberg ETF analyst Eric Balchunas called the acquisition "somewhat unexpected".