American investment bank Goldman Sachs is introducing customers to Galaxy Digital’s Ethereum fund as per a regulatory document filed with the SEC.
The Form D filing notes that Goldman Sachs will receive an introduction fee for all users it brings to the Galaxy Institutional Ether Fund.
The filing reveals that the fund, which sets $250,000 as a minimum investment, has sold more than $50 million to 28 clients.
Alternative investment firm CAIS Capital will take placement fees for client referrals to the institutional funds in a separate Galaxy-supported Ethereum fund.
Galaxy Digital struck a deal with Goldman Sachs last year to provide liquidity to Goldman Sachs’ bitcoin futures offering.
The financial service firm also offers a BTC fund to Morgan Stanley’s clients in a similar program to that of Goldman Sachs.