Sunday, September 25, 2022
HomeLaw & PoliticsGoldman Sachs promotes Galaxy Digital ETH fund to its clients

Goldman Sachs promotes Galaxy Digital ETH fund to its clients

According to a recent Securities & Exchange filing, Goldman Sachs has already been offering customers access to ETH through Galaxy Digital’s Ethereum Fund.

Customers of Goldman Sachs who would like to invest in Ethereum (ETH) have been offered a  space in Galaxy’s ETH Fund. Goldman was mentioned as a receiver of initial fees for introducing investors to the fund in a Galaxy filing dated March 8.

Galaxy Digital is a crypto-focused financial service  firm founded by billionaire Mike Novogratz. The exact amount acquired by Goldman clients is uncertain, although the initial deposit per investor is $250,000. Galaxy’s ETH Fund has also received sales, according to the report.

Employees at Goldman Sachs have also become more engaged in cryptocurrency. Goldman Sachs executive Roger Bartlett stated on February 25 that he was quitting the standard finance firm to join the Coinbase cryptocurrency exchange.

Lloyd Blankfein, Senior Chairman of Goldman Sachs, is likewise fascinated by the crypto area. In view of extraordinarily high rates of inflation and personal bank accounts being blocked around the world, he was worried on March 7 how crypto was not “having a moment.”

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