Goldman Sachs to acquire ETF manager NEOS in $2.25B deal

60-second summary

Goldman Sachs is acquiring ETF manager NEOS in a $2.25 billion deal, expanding its asset management arm. The acquisition adds NEOS' $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management. This deal strengthens Goldman Sachs' presence in the digital assets market, potentially boosting its cryptocurrency offerings and client base.