Goldman Sachs According to regulatory documents submitted to the US Securities and Exchange Commission (SEC), interested clients are offering access to a Galaxy Digital issuing fund focused on the leading altcoin Ethereum (ETH). As Kriptokoin.com, we are providing the details…
Goldman Sachs offers investors access to the leading altcoin project
Financial services giant Goldman Sachs is offering its customers ETH through Galaxy Digital’s Ethereum Fund, according to a new SEC document. offers an opportunity to invest. This strategy was revealed in a Galaxy application dated March 8. Galaxy Digital is the crypto-focused financial services provider of billionaire Mike Novogratz. It is known that there are $2.8 billion in assets under management as of the end of the 4th quarter of 2021.
It is not clear exactly how many ETH funds Goldman customers have purchased, but it is stated that the minimum investment per investor is $250,000. The filing also states that Galaxy’s ETH Fund has sold just over $50.5 million since its inception. Independent asset management firm CAIS Capital is listed in the filing as a recipient of placement fees for referring clients to Galaxy’s ETH Fund. The amount of Goldman Sachs’ introductory fee and CAIS’s placement fee were not disclosed.
Goldman Sachs and Galaxy Digital have previously collaborated
Goldman and Galaxy Digital have previously established a partnership. Last June, Goldman began offering Bitcoin (BTC) futures through CME Group Bitcoin futures, which provides liquidity with Galaxy Digital. Goldman employees are also showing more and more interest in the crypto space. On February 25, Goldman executive Roger Bartlett announced that he was leaving the traditional finance firm to move to cryptocurrency exchange Coinbase.
will lead global financial operations to “embrace the opportunities presented by digital assets and its ecosystem,” as he said in a LinkedIn post. Goldman Sachs Senior President Lloyd Blankfein also shares a curiosity about the crypto space. On March 7, he tweeted that he did not understand how cryptocurrency has not stood out in light of extremely high inflation rates and freezing of individual bank accounts around the world.
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