Bita

Goldman Sachs has agreed to acquire NEOS Investments in a cash-and-equity transaction valued at up to $2.25 billion, adding the manager of the $1.1 billion BTCI bitcoin synthetic ETF. The move deepens Goldman’s options-based ETF franchise as competition intensifies with BlackRock in derivative income products tied to bitcoin exposure.

BlackRock has launched its iShares Bitcoin Premium Income ETF, a new product aimed at investors who want bitcoin exposure plus monthly income. The fund uses a covered call strategy and is positioned as a complement to the firm’s popular IBIT trust.