{"id":413798,"date":"2022-03-09T09:01:30","date_gmt":"2022-03-09T06:01:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-is-hooking-up-clients-with-galaxy-digitals-eth-fund\/"},"modified":"2022-03-09T09:01:30","modified_gmt":"2022-03-09T06:01:30","slug":"goldman-sachs-is-hooking-up-clients-with-galaxy-digitals-eth-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-is-hooking-up-clients-with-galaxy-digitals-eth-fund\/","title":{"rendered":"# Goldman Sachs is hooking up clients with Galaxy Digital\u2019s ETH fund"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39675c25790\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39675c25790\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-is-hooking-up-clients-with-galaxy-digitals-eth-fund\/#%E2%80%9D_Goldman_Sachs_is_hooking_up_clients_with_Galaxy_Digitals_ETH_fund_%E2%80%9C\" >&#8221; Goldman Sachs is hooking up clients with Galaxy Digital\u2019s ETH fund &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Goldman_Sachs_is_hooking_up_clients_with_Galaxy_Digitals_ETH_fund_%E2%80%9C\"><\/span>&#8221; Goldman Sachs is hooking up clients with Galaxy Digital\u2019s ETH fund &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>Financial services giant Goldman Sachs has been offering clients exposure to ETH through Galaxy Digital\u2019s Ethereum Fund according to a new Securities and Exchange Commission filing.<\/p>\n<p>Goldman Sachs clients keen on spot exposure to Ethereum (ETH) have been offered space in Galaxy\u2019s ETH Fund. This strategy became <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent in a Mar. 8 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1848662\/000184866222000002\/xslFormDX01\/primary_doc.xml\">filing<\/a> from Galaxy which listed Goldman as a recipient of introduction fees for referring clients to the fund.<\/p>\n<p>Galaxy Digital is billionaire Mike Novogratz\u2019s crypto-focused financial service provider. It controlled $2.8 billion assets under management (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/galaxy-digital-asset-management-december-220000503.html\">AUM<\/a>) as of the end of Q4 2021.<\/p>\n<p>It is unclear exactly how much Goldman clients have bought, but the minimum investment per investor is $250,000. The filing also states that Galaxy\u2019s ETH Fund has had sales of just over $50.5 million since inception.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/d0546a93-4f79-486b-8658-26840dfac4d1.PNG\"><figcaption style=\"text-align: center;\">Goldman Sachs has begun referring clients to Galaxy Digital\u2019s ETH Fund.<\/figcaption><\/figure>\n<p>Independent wealth management firm CAIS Capital was also listed on the filing as a recipient of placement fees for referring its clients to Galaxy\u2019s ETH Fund. The amount of Goldman\u2019s introduction fee and CAIS\u2019s placement fee has not been disclosed.<\/p>\n<p>This is not the first time Goldman has partnered with Galaxy Digital. Last June, Goldman began offering Bitcoin (BTC) futures trading via CME Group Bitcoin futures with Galaxy Digital providing liquidity. <\/p>\n<p>Goldman\u2019s employees are also increasingly keen on the crypto space. On Feb. 25 Goldman executive Roger Bartlett announced that he was leaving the traditional financial firm to settle at Coinbase crypto exchange. <\/p>\n<p>He will lead global financial operations to, as he said in a LinkedIn post, \u201cembrace opportunities offered by digital assets and its ecosystem.\u201d<\/p>\n<p>Senior Chairman at Goldman Sachs Lloyd Blankfein also shares a curiosity about the crypto space. He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lloydblankfein\/status\/1500645134597345280\">tweeted<\/a> on Mar. 7 his wonder at how cryptocurrency was not \u201chaving a moment\u201d now in light of extremely high inflation rates and individual bank accounts being frozen around the world.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Keeping an open mind about crypto, but given the inflating US dollar and the stark reminder that governments can and will under certain circumstances freeze accounts and block payments, wouldn\u2019t you think crypto would be having a moment now? Not seeing it in the price, so far\u2026.<\/p>\n<p>\u2014 Lloyd Blankfein (@lloydblankfein) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lloydblankfein\/status\/1500645134597345280?ref_src=twsrc%5Etfw\">March 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/goldman-sachs-is-hooking-up-clients-with-galaxy-digital-s-eth-fund\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Goldman Sachs is hooking up clients with Galaxy Digital\u2019s ETH fund &#8220; Financial services giant Goldman Sachs has been offering clients exposure to ETH through Galaxy Digital\u2019s Ethereum Fund according to a new Securities and Exchange Commission filing. Goldman Sachs clients keen on spot exposure to Ethereum (ETH) have been offered space in Galaxy\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":413818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGRhNjU2ODMtZGIyYy00OWY3LTgzZDEtMTU0NDAzOWIxZmU2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76962,117,70790,73711],"class_list":["post-413798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-mike-novogratz","tag-business","tag-goldman-sachs","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=413798"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/413818"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=413798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=413798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=413798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}