A match made in heaven. Financial services giant Goldman Sachs has been offering clients exposure to Ether through GalaxyDigitalHQ’s Ethereum Fund, according to a new SEC filing.
) through Galaxy Digital’s Ethereum Fund, according to a new Securities and Exchange Commission filing.
Goldman Sachs clients keen on spot exposure to ETH have been offered space in Galaxy’s ETH Fund. This strategy became apparent in a Tuesday filing from Galaxy whichGalaxy Digital is billionaire Mike Novogratz’s crypto-focused financial service provider. It controlled $2.8 billion assets under management as of the end of Q4 2021.
It is unclear exactly how much Goldman clients have bought, but the minimum investment per investor is $250,000. The filing also states that Galaxy’s ETH Fund has had sales of just over $50.5 million since inception.Independent wealth management firm CAIS Capital was also listed on the filing as a recipient of placement fees for referring its clients to Galaxy’s ETH Fund. The amount of Goldman’s introduction fee and CAIS’s placement fee has not been disclosed.
This is not the first time Goldman has partnered with Galaxy Digital. Last June, Goldman began offering Bitcoin (
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