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A covered-call ETF, a fund that sells options contracts on its own holdings to generate monthly income while capping how much investors can gain during a rally, just became the target of a $2.25 billion Wall Street deal.
Goldman Sachs announced August 12 that it is acquiring NEOS Investments, the firm behind BTCI, a roughly $1.1 billion Bitcoin income fund that Bloomberg senior ETF analyst Eric Balchunas says yields about 27%.
The cash-and-equity deal is subject to performance targets and is expected to close in the first quarter of 2027, pending regulatory approval.
NEOS, founded in 2022, manages about $30 billion across 19 options-based income ETFs. BTCI is the fund at the center of the deal. It holds spot Bitcoin ($BTC) exchange-traded products and sells call options against them.
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