Goldman Sachs' $2.25B NEOS Deal Hands It Ready-Made Bitcoin Income ETF Business

The cash-and-equity deal for the options-income specialist folds in NEOS's roughly $1 billion Bitcoin covered-call fund, giving Goldman instant scale in a crypto ETF niche it had only just entered on paper.

The top 3

  1. Goldman Sachs' Largest Digital Asset Investments: Goldman Sachs reported $2.36 billion in crypto-linked investments in Q4 2025, with $1.1 billion in Bitcoin ETFs (primarily BlackRock's IBIT) and $1.0 billion in Ethereum ETFs, alongside smaller allocations to XRP and Solana.
  2. Top 3 Traditional Banks with Crypto Exposure: Goldman Sachs, JPMorgan Chase, and Morgan Stanley are among the traditional banks with significant crypto exposure, offering services ranging from investment vehicles to blockchain settlement pilots and tokenized money market funds.
  3. Goldman Sachs' Key Bitcoin-Related Offerings: Goldman Sachs offers clients access to Bitcoin through investment vehicles, OTC crypto options trading, and participation in blockchain settlement pilots, along with tokenized money market funds.

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