--- title: "Goldman Sachs Gains Bitcoin, Ethereum ETFs in $2.25B Deal: Could It 'Leapfrog' BlackRock?" type: "News" locale: "en" url: "https://longbridge.com/en/news/295710704.md" description: "Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, gaining control of three crypto ETFs including the $1 billion Bitcoin High Income ETF (BTCI). This move positions Goldman as the eighth-largest active ETF provider with $130 billion in assets and potentially allows it to surpass BlackRock's rival fund. The deal is expected to close in Q1 2027 pending regulatory approval." datetime: "2026-08-12T21:01:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295710704.md) - [en](https://longbridge.com/en/news/295710704.md) - [zh-HK](https://longbridge.com/zh-HK/news/295710704.md) --- # Goldman Sachs Gains Bitcoin, Ethereum ETFs in $2.25B Deal: Could It 'Leapfrog' BlackRock? **Goldman Sachs** (NYSE:GS) agreed to acquire NEOS Investments for up to $2.25 billion Wednesday, picking up a $1 billion Bitcoin income ETF that could leapfrog **BlackRock** (NYSE:BLK). ### What Is Goldman Actually Getting From the NEOS Deal? According to a Goldman Sachs press release, the deal brings three crypto funds under Goldman Sachs Asset Management: the **NEOS Bitcoin High Income ETF** (CBOE: BTCI), the **Boosted Bitcoin High Income ETF** (NASDAQ:XBCI), and the **Ethereum High Income ETF** (CBOE: NEHI). None of the three funds hold **Bitcoin** (CRYPTO: BTC) or **Ethereum** (CRYPTO: ETH) directly. They gain exposure through exchange-traded products linked to the assets and use options strategies to generate monthly income.  BTCI, launched in October 2024, is the largest with over $1 billion in net assets. XBCI has roughly $111 million and NEHI has over $77 million, according to The Block. NEOS manages $30 billion across 19 options-based income ETFs in total.  Combined with Goldman’s existing ETF business and its earlier acquisition of Innovator Capital Management, the deal makes Goldman the eighth-largest active ETF provider with $130 billion in global ETF assets. ### Why Does the BlackRock Angle Matter? Bloomberg senior ETF analyst **Eric Balchunas** flagged on X that the NEOS deal may explain why Goldman never launched the Bitcoin Premium Income ETF it filed for in April. BTCI could help Goldman leapfrog **BlackRock’s iShares Bitcoin Premium Income ETF** (NASDAQ:BITA), which launched in June and currently holds about $59 million in net assets, according to The Block.  Goldman has not confirmed whether the NEOS deal changes its plans for the filed fund. ### What Happens Next in the Goldman-NEOS Deal? The transaction is expected to close in Q1 2027, subject to regulatory approval.  NEOS co-founders **Troy Cates** and **Garrett Paolella** will join Goldman Sachs Asset Management as partners, along with the full NEOS investment and client-service team. Goldman CEO **David Solomon** called NEOS’ approach “highly complementary” to Goldman’s capabilities across buffer, managed outcome, and income strategies. ### Where Does GS Stock Stand Technically? GS consolidates near $1,038, trading just below its 20-day and 50-day SMAs while holding well above its 100-day and 200-day SMAs, keeping the longer-term trend constructive.  RSI at 48.03 sits neutral with no directional edge. #### Key levels for GS - $1,077 — resistance where rebounds have stalled - $1,003 — nearby support floor **Read Also: Gold and BTC 'React Differently' to Inflation, Schiff Says: So Why Is Their Correlation Rising?** _Image: Shutterstock_ ### Related Stocks - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md) - [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md) - [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BTCI.US](https://longbridge.com/en/quote/BTCI.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [XBCI.US](https://longbridge.com/en/quote/XBCI.US.md) - [NEHI.US](https://longbridge.com/en/quote/NEHI.US.md) - [BITA.US](https://longbridge.com/en/quote/BITA.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) ## Related News & Research - [Paul Tudor Jones Is Buying Bitcoin ETF IBIT Again — But His Trade Has Changed](https://longbridge.com/en/news/296136074.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [BREAKINGVIEWS-Goldman Sachs pays up for downside protection](https://longbridge.com/en/news/295794449.md) - [BREAKINGVIEWS-Goldman Sachs pays up for downside protection](https://longbridge.com/en/news/295694484.md) - [Nakamoto reports Q2 net loss of $133 mln](https://longbridge.com/en/news/295800977.md)