According to the New Securities and Exchange Commission filing financial services giant, Goldman Sachs has been giving customers exposure to ETH via Galaxy Digital’s Ethereum Fund. Goldman Sachs customers eager on spot exposure to ETH have been given space in Galaxy’s ETH Account. This technique became obvious on the 8th of March filing from Galaxy which documented Goldman as a recipient of beginning fees for citing customers to the fund. Galaxy Digital is Mike Novogratz’s crypto concentrated monetary service provider. It maintained around $2.8 billion assets under management or AUM by the end of 2021. Well, this is not the 1st time Goldman has joined hands with Galaxy Digital. In June of 2021, Galaxy Digital and Goldman worked together.
It is uncertain exactly how much Goldman customers have bought, but the lowest investment per investor is $250000. The filing also claims that Galaxy’s ETH Fund has had exchanges of just over $50.5 million since inception. Goldman’s employees are also eager about the crypto expanse. On the 25th of February, Goldman executive Roger Bartlett declared that he was quitting the traditional financial company to finalize at Coinbase crypto exchange. Senior Chairman at Goldman Sachs Lloyd Blankfein also shows a curiousness about the crypto expanse. On 7th March, he tweeted that his surprise at how digital currency was not retaining a moment now in light of high inflation rates and individual bank accounts being frozen around the globe.
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