Goldman Sachs is connecting clients to Galaxy Digital’s ETH Fund

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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. 

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Source: https://www.theblockcrypto.com/linked/136950/goldman-sachs-receives-fee-to-connect-clients-to-galaxy-digitals-eth-fund?utm_source=rss&utm_medium=rss