Goldman Sachs is connecting clients to Galaxy Digital's ETH Fund

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. 


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"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. 

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Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to or follow her on Twitter for updates @AislinnKeely.