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Goldman Sachs buys NEOS in $2.25B deal for crypto-linked ETF income business

8/13/2026

The ETF industry's consolidation cycle has arrived at the intersection of crypto and income investing.

Goldman Sachs has agreed to acquire NEOS, a specialist exchange-traded fund manager with $30 billion in assets, for $2.25 billion, folding the business into Goldman Sachs Asset Management.

NEOS runs a lineup that includes Bitcoin- and Ether-linked income funds. A $30 billion book moves to Goldman Sachs Asset Management The acquisition adds immediate scale.

NEOS brings $30 billion in ETF assets to Goldman Sachs Asset Management, along with established income-oriented crypto products that Goldman would otherwise have needed to build over time.