Goldman Sachs Acquires NEOS for $2.25 Billion, Enters Bitcoin and Ethereum Income ETFs
Goldman Sachs announces $2.25 billion acquisition of NEOS Investments, expanding its derivatives platform to $130 billion in total ETF assets.
Asset Management
$1.9 Trillion Asset Manager T. Rowe Price Launches First Actively Managed Multi-Token Crypto ETF
Core Summary T. Rowe Price, a U.S. asset management giant with $1.9 trillion in assets under management, has officially launched its first actively managed multi-token crypto ETF — the TKNZ Active Crypto ETF. The product began trading Thursday after the firm filed for it in October. This move marks a new phase in traditional asset management industry’s strategic deployment into digital assets. Event Details According to The Block, T. Rowe Price’s TKNZ Active Crypto ETF officially began trading on Thursday. The company filed for the product last October, and after regulatory approval, it has now come to market. This is the company’s first actively managed crypto ETF and one of the few multi-token crypto fund products issued by a traditional asset management giant. ...