Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding three crypto-income ETFs that use derivatives rather than direct holdings. The deal expands Goldman's active ETF business to roughly $80 billion and is expected to close in Q1 2027 pending regulatory approval.
High headline yields on the products stem largely from selling options premium rather than tracking the spot performance of Bitcoin itself.
It hands Goldman Sachs a ready-made foothold in the Bitcoin-income ETFs space right as institutional appetite for digital-asset-adjacent, income-generating products continues to grow alongside the broader derivative-income boom.
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Strategy could create up to $30 billion in digital credit from its existing balance sheet to fund more Bitcoin purchases, executive chairman Michael Saylor said on the third-quarter earnings call.
BlackRock filed with the SEC for the iShares Bitcoin Managed Protection ETF, which would cap gains on bitcoin exposure while limiting losses. The fund, ticker PBIT, would use options and Treasuries and cannot launch until its registration takes effect.
Metaplanet secured approval for a 93.7% stake in Super League, USD1 lost over $400 million in market cap, and Qubic reportedly paused after an about $1.4 million exploit.
Standard Chartered announced bitcoin trading for affluent UAE clients on October 14, allowing direct purchases through bank accounts. The move positions the bank as the first international institution to offer the service in the country and extends its existing crypto operations in Luxembourg and Hong Kong.
A London court ruled that Chinese law governs claims over 61,000 bitcoin seized from a convicted fraudster, narrowing victims' recovery path, the Financial Times reported. The decision improves the U.K. government's chances of retaining most of the about £3.8 billion holding.
