Financial services heavyweight Goldman Sachs has reportedly been helping its customers expose to Ether (ETH) via the introduction of Galaxy Digital’s Ethereum Fund, as disclosed in a new SEC filing. 

Specifically, Goldman Sachs customers that share an interest in spot exposure to ETH have reportedly been included in the Galaxy’s ETH Fund.

This strategy has reportedly been confirmed according to details mentioned in a filing submitted on March 8th, from Galaxy, which listed Goldman as a recipient of introduction fees for referring clients to the fund.

Galaxy Digital reportedly functions as a financial service provider, in the ownership of billionaire Mike Novogratz, and concentrates primarily on crypto. 

The precise amount Goldman clients have purchased is yet to be revealed, but the lowest recorded investment for every investor is $250,000.

The filing additionally suggested that Galaxy’s ETH Fund has had sales of a bit more than the $50.5 million benchmarks since inception.

Independent wealth management entity CAIS Capital was reportedly mentioned in the filing as a recipient of placement fees for referring its clients to Galaxy’s ETH Fund. Details of Goldman’s introduction fee and CAIS’s placement fee are still not revealed either. 

Goldman has reportedly teamed up with Galaxy Digital in the past, previous to this most recent collaboration. In June 2021, Goldman started offering Bitcoin (BTC) futures trading through CME Group Bitcoin futures with Galaxy Digital providing liquidity.

Goldman’s staff are reportedly also sharing a rising interest in the crypto sphere. On Feb. 25, Goldman executive Roger Bartlett announced that he was departing the traditional financial firm to take up a new role at Coinbase crypto exchange.