US investment bank Goldman Sachs announced that Galaxy Digital’s Ethereum (ETH) is connected to the fund.
to the U.S. Securities and Exchange Commission (SEC)) according to the documents submitted, Goldman Sachs to customers Galaxy Digital’s ETH second largest through fund to cryptocurrency allows them to invest.
In the announcement made by the US bank, ETH He said he would charge an “introductory fee” for new customers he would bring to his fund. However, it was not disclosed how much promotion fee the bank will receive.
Although it is unclear exactly how many purchases Goldman Sachs customers have made through the ETH fund, it has been stated that the minimum investment amount is $250,000.
The filing submitted to the SEC states that Galaxy has sold over $50.5 million since the inception of the ETH Fund.
Goldman Sachs & Galaxy Digital Partnership!
The ETH Fund collaboration is not Goldman Sachs’ first partnership with Galaxy Digital. Because last June, Goldman Sachs and Galaxy Digital had a liquidity agreement.
In line with this agreement, with Galaxy Digital providing liquidity, the bank via CME Group Bitcoin futures. Bitcoin (BTC) started offering futures transactions.
*Not investment advice.