Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News

Goldman Sachs Will Now Offer Its Clients Ethereum Funds Via Galaxy Digital

GentrySTACK by GentrySTACK
March 10, 2022
in Crypto News, Other alt coins
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

RelatedPosts

Economic calendar in Asia 06 February 2023

Russia’s Largest Private Bank Launches Digital Asset Platform

Adani Group plans to trim its capital spending plans -Mint newspaper

Goldman Sachs will be offering its clients access to Ethereum Funds through Galaxy Digital’s Institutional Ethereum Fund. This was reported from the regulatory documents filed with the U.S Securities and Exchange Commission (SEC).

The SEC also displayed that it had listed Goldman Sachs as a beneficiary of the charges that are required to be borne for letting clients have access to the Ethereum Fund. In this strategy, Goldman Sachs will get an introduction fee for referring clients to Galaxy’s institutional Ethereum Fund, according to the recent SEC filing. 

Through minimal funding and investment size of $250,000, the 12-month old fund has generated more than $50 million in gross sales for 28 buyers, according to the filing. There is ambiguity regarding flows if any, that is related to Goldman Sachs considering the investment bank wasn’t involved during the inception of the fund. 

Related Reading | YouTube Detective Exposes Jake Paul’s Alleged Secret Wallet For Crypto Scams

Key Takeaways From This Alliance

Galaxy Digital Holdings Ltd is a U.S operated crypto-based financial provider which was founded by Mike Novogratz. Galaxy Digital at the moment is responsible for providing liquidity to Goldman’s Bitcoin Future’s trade. This digital blockchain investment company also has a similar arrangement with Morgan Stanley clients. 

A year ago, Galaxy Digital announced that it would launch a suite of Ethereum funds, which included this particular institutional offering. 

Additionally, CAIS Capital LLC, an independent wealth management firm was also listed as a recipient of “placement fee” which is a referral fee for clients to jump into Galaxy’s ETH Fund. CAIS also has been separately involved in a different Galaxy-backed Ethereum Fund with a filing reported on March 8. 

Goldman Sachs relaunched the crypto trading desk within its Global Currencies and Emerging Markets division after a gap of three years. Goldman’s strategy with Galaxy will give investors exposure to Ethereum as a physical asset and not a derivative-based product like futures contracts.

Galaxy Digital has continued to through strategic acquisitions, such as the tie-up with digital-asset management firms Vision Hill Group Inc, Bitgo in the last year. Galaxy has positioned itself as a path bringing together financial companies and facilitating direct crypto investments. 

Banks are a regulated sector that cannot pump money into the cryptocurrency field instantly, it is when organizations such as Galaxy Digital come into play as they have successfully managed to bridge the existing gap as mentioned above. 

Additionally, Goldman Sachs has also continued to display interest in the cryptocurrency field as it continues to progress and evolve. Roger Bartlett, the executive director at Goldman Sachs quit the organization in February and has reportedly joined crypto exchange Coinbase. 

Relating Readings |  Biden to Sign Cryptocurrency Executive Order This Week

BTC revives on the daily chart. Image Source – Trading View BTC/USD

Share61Tweet38Send
GentrySTACK

GentrySTACK

Related Posts

USD/JPY above 132 in early Monday Asia trade, 06 February 2023 – chart

February 5, 2023

Economic calendar in Asia 06 February 2023

February 5, 2023

Russia’s Largest Private Bank Launches Digital Asset Platform

February 5, 2023

Adani Group plans to trim its capital spending plans -Mint newspaper

February 5, 2023

BTC long-term HODLers hit all-time high as Bitcoiners refuse to sell

February 5, 2023

Russia applies more pressure, fierce fighting in Donetsk -Ukraine’s Zelenskiy

February 5, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

USD/JPY above 132 in early Monday Asia trade, 06 February 2023 – chart

February 5, 2023

Economic calendar in Asia 06 February 2023

February 5, 2023

Russia’s Largest Private Bank Launches Digital Asset Platform

February 5, 2023

Adani Group plans to trim its capital spending plans -Mint newspaper

February 5, 2023

Categories

  • Binance (49,844)
  • Bitcoin (93,224)
  • Business News (98,690)
  • Cardoso (41,239)
  • Crypto News (49,096)
  • Dogecoin (41,239)
  • Ethereum (41,615)
  • Market News (86,456)
  • NFT X Metaverse (41,239)
  • Other alt coins (41,285)
  • Others (2)
  • Shiba in (41,239)
  • Technology News (85,882)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 22,890.13 2.25%
ethereum
Ethereum (ETH) $ 1,619.97 3.58%
tether
Tether (USDT) $ 1.00 0.01%
bnb
BNB (BNB) $ 326.07 1.27%
usd-coin
USD Coin (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.399663 3.87%
binance-usd
Binance USD (BUSD) $ 1.00 0.04%
cardano
Cardano (ADA) $ 0.388162 3.96%
dogecoin
Dogecoin (DOGE) $ 0.091396 6.49%
okb
OKB (OKB) $ 43.63 5.15%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News