Goldman Sachs to Add Bitcoin and Ethereum ETFs Through $2.25B Neos Deal

On August 12, 2026, Goldman Sachs announced it had reached an agreement to acquire NEOS Investments, a U.S. options-based income ETF provider, in a transaction valued at up to $2.25 billion in cash and stock. The deal will add $30 billion in active income ETF assets to Goldman Sachs Asset Management, including ETPs with exposure to Bitcoin and Ethereum. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and customary closing conditions.

Goldman Adds $30B NEOS ETF Platform

According to the official release, NEOS manages $30 billion in assets across 19 options-based income ETFs, as of June 30, 2026. Founded in 2022, the company focuses on systematic options-based income strategies, using options to generate recurring income streams within an ETF structure.

Goldman said acquiring NEOS will add these assets to Goldman Sachs Asset Management’s existing $40 billion in income and outcome-oriented options-based ETF solutions. Following the combination of Goldman, NEOS, and Innovator Capital Management, Goldman’s global ETF platform will have over $130 billion in assets under supervision, of which $80 billion will be active ETFs.

The deal also places Goldman Sachs Asset Management among the top 8 largest active ETF managers, based on Morningstar data cited by Goldman in the announcement. This marks the next step after Goldman completed its acquisition of Innovator Capital Management in April 2026, a prominent company in the defined outcome ETF space.