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An income ETF is a fund that sells options contracts against the assets it holds, collects the premiums from those sales, and passes them to investors as regular cash distributions.
Goldman Sachs has agreed to acquire Neos Investments, a firm that runs three such crypto-focused funds tied to $BTC and $ETH, in a deal valued at up to $2.25 billion.
The acquisition would hand Goldman a ready-made set of income-generating cryptocurrency products.
The three Neos funds Neos Investments offers the Bitcoin High Income ETF, the Boosted Bitcoin High Income ETF, and the Ethereum High Income ETF.
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