Goldman Sachs is connecting clients to Galaxy Digital’s ETH Fund
Goldman Sachs is connecting clients with Galaxy Digital’s Institutional Ethereum Fund, according to documents filed with the Securities and Exchange Commission.
An amended Form D filing from Galaxy Digital indicates that Goldman Sachs receives an introduction fee for delivering clients to the Galaxy Institutional Ethereum Fund.
“Goldman Sachs & Co. LLC will receive an introduction fee with respect to certain clients introduced to Issuer,” says the filing.
In January of 2021, Galaxy Digital announced it would launch a suite of Ethereum funds, including this institutional offering. To date, the Institutional Ethereum Fund has sold over $50.5 million over 28 investors, according to the Form D. The minimum investment is $250,000.
Galaxy Digital has an existing partnership with Goldman Sachs in the form of a liquidity agreement. The crypto firm has been a liquidity provider for Goldman’s bitcoin futures block trades since June of 2021.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Aislinn Keely
