Goldman Sachs to offer Ethereum funds through Galaxy Digital

According to documents submitted to the U.S. Securities and Exchange Commission (SEC) this week, Goldman Sachs will receive unspecified introductory fees for every new investor.

The SEC filings also mention CAIS Capital, an alternative investment company set to receive “placement fees” for referring new clients. No further details were disclosed.

According to the filings, the minimum investment required to enter the Galaxy-backed fund is $250,000, with 28 investors signed up as of March 8th for a total of over $50 million.

Galaxy Digital, a crypto-oriented investment management company helmed by the renowned crypto advocate Mike Novogratz, may be looking to boost its portfolio amid shrinking managed assets (AUM), down by $1 billion since November 2021. The company has worked with Goldman Sachs before, funnelling liquidity for the TradFi giant’s Bitcoin futures.