Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission.
Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January.
The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer topped $2,000 for the first time ever. But Galaxy’s executives, including ETH bull Mike Novogratz, are betting Ethereum’s programmability will spell future investment success.
Recommended News
-
The Impact of Sustainable Investment on Client Gains: A Case Study of Eagle Crest Asset Management
In the evolving landscape of modern finance, sustainable investment has emerged as a critical theme for both investors and asset managers. With an increasing emphasis on environmental, social, and governance (ESG) factors, investors are not only looking for strong financial returns but also seeking to align their portfolios with values that contribute positively to society and the planet. One asset management firm at the forefront of this shift is Eagle Crest Asset Management, which has adopted sustainable investment strategies to deliver both long-term financial gains and measurable social impact. This…
-
AI Finance Academy Showcasing AI in Finance through a Global Roadshow
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and education is reshaping industries around the world. Recognizing the need for specialized training in AI-driven financial solutions, the AI Finance Academy has taken a significant step forward by launching a Global Roadshow—a series of events held in major cities worldwide to gather thought leaders, industry experts, academics, and aspiring finance professionals to discuss the future of AI in finance. By focusing on talent development, innovation, and the exchange of ideas, the AI Finance Academy’s Global Roadshow…
-
Windmill: Creating a Solid and Safe “Mining Ark” in the Rapidly Changing Crypto World
The crypto world has come to a new age of rapid growth. Bitcoin has became the world’s 6th asset, with its market value surpassing Tesla, according to a report by ResearchAndMarkets. The market scale of the global cryptocurrency market was approximately USD 979.5 million in 2020, and is expected to reach USD 1.4 billion after adjustment in 2027; the compound annual growth from 2020 to 2027 can reach 4.8%. Despite many policy constraints , in terms of the perspectives from governments around the world towards cryptocurrency, the crypto industry has…
-
While current top GameFi’s users are leaving the game，where will they go next? METAEASE rises as a game changer!
The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of pursuit for the rich. The sector as a whole remained on a downward trend this week, with the overall decline in the sector being severe, the trading volumes are maintaining a downward trend and the number of users is also falling to varying degrees. There is no doubt that the GameFi industry is in a downturn, the unprecedented market environment and the fall of many socialites are undoubtedly a big blow to the market. While the overall…
-
MetaSecond.AI OG Event – 1st Meta Solider Recruitment Event
Get ready for the Meta Soldier Recruitment — the verrrry 1st OG event for MetaSecond.AI! Buckle up buttercups, the hype train is leaving the station! Calling all brave-hearts and adventure-seekers, this is your chance to become a Meta Soldier — the most badass role in our community! Be an early bird and join MetaSecond.AI to help build and protect our metaverse. This ain’t no soldier boy-band, only the strong survive! 💪 Ready to catch this neuro-train to fame and fortune? Enlist now before spots run out! Hustle hustle, no time…
-
The first year of the blockchain: Consensus Alliance enters the blockchain industry
Blockchain technology is derived from Bitcoin, as people know more about blockchain technology, the blockchain industry is also undergoing great changes. Whether at the level of capital or innovation, blockchain has always been a hot word in 2016. The technical characteristics of distributed general ledger, encryption algorithm and programmability based on blockchain are regarded as the cornerstone of future digital society. Blockchain is expected to lead human society to evolve from information Internet to value Internet. Even, this most subversive technology after the Internet is likely to set off…
-
OX Mavericks Quantitative, the creator of a new intelligent quantitative strategy in the era of big data
With the digital currency bull market entering a period of crazy profitability in 2021, the trend of blockchain dividends. With the advent of the era of big data in recent years, smart programs have become more and more popular among investors, starting from the birth of blockchain. The OX star quantitative team, which has been receiving attention from the beginning, entered the digital currency market from the traditional market in one fell swoop. After three years of deep cultivation, the OX Mavericks quantitative top application has been developed. What…
-
Money Reimagined: Letter to President Biden
President Biden needs to reform the global financial system and avoid a 1930s-style depression. Digital currencies can help. Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency. Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned. As for what it means for crypto, the turnover in the White House gave Sheila Warren and me reason to invite Kristin Smith of the Blockchain Association and…
-
HWAHWAHB Wealth Advisors “Century Investments $10 Billion Fund” PK Competition: A New Era of ESG Investing
In recent years, Environmental, Social, and Governance (ESG) investing has become a central focus for many institutional investors, high-net-worth individuals, and asset management firms. As sustainability continues to dominate the financial landscape, firms are not only competing to offer the best returns but are also striving to demonstrate their commitment to socially responsible and ethical investing practices. One of the most exciting developments in this space is the launch of HB Wealth Advisors’ “Century Investments $10 Billion Fund,” which promises to redefine ESG investing. This article explores the significance of…
-
NBA Top Shot Firm Dapper Labs Raising Funds at $7.5B+ Valuation: Report
Just a few weeks after after raising funds at a reported $2.6 billion valuation, Dapper Labs, responsible for the high-flying digital collectibles platform NBA Top Shot, is raising more money but is now being valued at more than $7.5 billion , according to The Information. Citing a person with direct knowledge of the talks, the report said the new round is being led by Coatue Management, which led the previous round. Coatue is led by billionaire investor Philippe Laffont. Three-year old Dapper’s value is exploding along with the demand for non-fungible tokens…
