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.