Goldman Sachs (GS) is providing crypto-curious clients access to an ether (ETH) fund issued by Galaxy Digital, according to a report by SEC on Wednesday.
Goldman works as a channel to the Galaxy fund. An amended Form D filing disclosed that Goldman Sachs & Co. LLC would get an introduction fee for clients they bring to the Galaxy Institutional Ethereum Fund.
The fund has sold more than $50 million to 28%, with a required minimum investment of $250,000.
Goldman Sachs has a history with Galaxy Digital, the crypto investment firm backed by Mike Novogratz. In June, the crypto firm agreed to channel liquidity to Goldman Sachs’ bitcoin futures offering.
Galaxy provides a bitcoin fund to Morgan Stanley (MS) customers in a deal that is the same as Goldman. BTC USD up +9.05%