Goldman Sachs is acquiring NEOS for $2.25 billion, gaining immediate access to an established Bitcoin income ETF operation.

NEOS operates an existing Bitcoin income ETF business that forms the core of the transaction. The acquisition hands Goldman Sachs a ready-made product line in the Bitcoin ETF market without requiring the bank to build from scratch.

The deal represents Goldman Sachs’ entry into the Bitcoin income ETF segment through purchase rather than organic development. No closing date, regulatory approval timeline, or transaction structure details were disclosed.