The $2.25 billion deal expands Goldman’s derivative platform to $130 billion in total ETF assets, taking direct aim at BlackRock's rival BITA fund, according to an analyst. Goldman Sachs agreed to acquire NEOS Investments, the manager of the $1.1 billion BTCI bitcoin synthetic ETF, in a cash-and-equity deal valuing NEOS at up to $2.25 billion, with closing expected in early 2027 pending regulatory approval. BTCI, which does not directly hold bitcoin, uses a covered-call strategy on bitcoin…
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