A new SEC filing shows that American bank Goldman Sachs seeks to connect its client with Galaxy digital’s ETH fund. The duo is partnering to increase crypto access to their clients through Galaxy.
Goldman Sachs Files With the SEC to Connect Clients to Galaxy Digital’s ServicesAccording to a recent filing, financial institution Goldman Sachs has been connecting its clients to Galaxy Digitals ETH fund. The bank filed with the SEC on Tuesday. It details how it has been increasing accessibility of the crypto-verse to its clients through Galaxy and wants to continue. The bank has exposed clients keen on ETH spot markets via Galaxy digital. However, their service also comes at a fee, as detailed in their application with the SEC. It is unclear how much the Goldman clients have bought in, but the minimum allowed per investor is $250K.
An excerpt from the filing states: “Goldman Sachs & Co. LLC will receive an introduction fee for certain clients introduced to Issuer.”The filing also shows that Galaxy Digital Fund has had slightly over $50M sales since it opened doors for investors. The filing also featured the independent wealth management fund, CAIS Capital, as a recipient for the placement fee of referring customers to Galaxy’s ETH fund. However, the fee rates for the two financial giants are still under the wraps.