crypto
02

What it buys

NEOS runs 19 options-based income ETFs worth about $30 billion, including three crypto-linked funds.

crypto
03

The crypto pieces

Goldman gains the Bitcoin High Income ETF (BTCI, ~$1B AUM), Boosted Bitcoin High Income ETF (XBCI), and Ethereum High Income ETF (NEHI).

crypto
04

Not a spot fund

These ETFs don't hold Bitcoin or Ether directly. They use options strategies for monthly income, unlike spot funds such as IBIT.

crypto
05

New scale

Combined with its existing $40B income ETF book, Goldman's active ETF platform would grow to roughly $80 billion.

crypto
06

Timeline

The deal is expected to close in Q1 2027, pending regulatory approval and performance-based pricing terms.

crypto
07

What to watch

Whether Goldman expands into spot crypto ETFs next, or sticks to the income-fund niche NEOS built.

Read More →