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
-
Guild Master Recruitment Event for MosaicFantasy (3A card game on chain)
MosaicFantasy is a decentralized 3A card game with technical underpinning support for cross-chain and compatibility with zk-snarks. It is dedicated to combining the rich playability of traditional games with the economic model of on-chain P2E to bring a better experience to players. Currently, MosaicFantasy APP is also currently trying to establish its access to Google Play and App store, hoping to drive more users into the web3 world. In the future, MosaicFantasy APP will become the entrance-level product for users to enter the web3 game universe, and the APP ecological board will…
06/19/2022 -
Thales: We’re building a whole new economic system
Thales, the first lightweight, high-performance parallel chain in the Polka ecosystem, has received a $10 million investment from ZKfund, Holo Capital, and Digital Assets Investment, which will be used for the development of Thales’ economic system layer Hayek, DAO governance layer Plato, and storage network layer IPS (IPS-Thales). Introduction to Thales The Thales project is made up of Hayek, an economic system layer, Plato, a DAO governance layer, and IPS, a storage network layer (IPS-Thales). Although the consensus mechanism of Thales is NPOS, unlike Poca, Thales rewards not only…
03/30/2021 -
Big news for the crypto trading space: CoinW announces all spot trading – free of charge
On July 13, 2022, CoinW made another major upgrade, announcing that all users of CoinW will not be charged transaction fees when trading in all spot currencies. Zero fees! This is another major breakthrough, after the official announcement on July 5 , by leading Crypto Exchange, that all BTC transactions, will be free of charge. This is not only the first platform in the network to adopt 0 transaction fee for spot trading, but also a long-awaited benefit for platform users. As we all know, exchanges can provide investors with…
07/13/2022 -
Gold farming studios’ new favorite: Savior!
Studio: Orchha Guest: Jaipur (Orchha’s partner) Could you tell us what this studio is? Jaipur: Orchha is a game society focused on the metaverse ecosystem. It helps investors pool assets and bet on NFT games to make profits and share them with the community of supporters. The current focus of Orchha is gaming NFTs. It offers hardware and software technical support and is a pioneer in in-game earnings. It was established in India and will incorporate North American and Eastern European communities the team members come from. Why was this…
11/15/2021 -
New organizational paradigm driven by DDDS DAO blockchain technology
The full name of DAO is Decentralized Autonomous Organization, and the Chinese translation is “decentralized autonomous organization” or “decentralized autonomous organization”. According to the earlier official website of Ethereum, DAO is a group of like-minded people, an organization built around a certain mission, which coordinates and cooperates through a set of rules (smart contracts) executed on the blockchain, Finally, to achieve the mission. Historically, the concept of organization has centered around strict ownership structures. Companies began to introduce open, flat organizational structures that allowed more people in the company to…
Uncategorized 12/27/2022 -
CLOWN TOKEN strike with overwhelming power!
CLOWN Token is created by several game enthusiasts in Singapore and South Korea, combining the rules of DEFI and using the characteristics of ERC-20. It mainly solves the simple technical applications of point-to-point substitution, offset and guarantee in the game field of DEFI world. Because the initial application is mainly docking chess and card casual games, his name uses the head of the big ghost of poker. CLOWN Token 110 W in total It is divided into three parts: 1. Leisure chess and cards 40w 2. Professional chess and cards…
Uncategorized 01/15/2021 -
Satoshi AI: The Super AI Bounds To Revolutionize Cryptocurrency Mining
The real OGs of Bitcoin came out with a groundbreaking solution in making crypto mining smarter and more sustainable by introducing the world’s very first DeFi Mining AI. After seven years of research and development, Satoshi AI today unveiled J – a revolutionary AI program that will bring a new exciting chapter in the advancement of artificial intelligence technology development. Satoshi AI is the artificial intelligence program initiated by the Satoshi Foundation – a group of BTC enthusiasts and techies since the birth of BTC. As…
Uncategorized 03/06/2023 -
CoinW pioneer’s the strides of world-class comprehensive crypto capital venture, as the EAFF E-1 Championship concludes.
After 9 days and 12 matches, the EAFF E-1 Championship 2022 officially came to an end on the 27th, with a total of male and female soccer players from China, Korea, Japan, Hong Kong, and Taiwan. The offiical supporter of EAFF E-1 Championship 2022, CoinW, cheers for the participating football players. After 12 matches, the host, Japan, won the 2022 East Asian Cup men’s and women’s football championships, the Chinese women’s football team won the second prize, and the Chinese men’s football team, composed of young players, won the third…
07/30/2022 -
Staking as an Asset Class? This Swiss Institutional Fund Is Jumping In
While institutional investors around the world are just getting their heads around bitcoin (BTC, -1.43%), asset managers in crypto-friendly Switzerland are heading into staking on next-generation blockchain networks. Announced Friday, Zurich-based investment firm Tavis Digital has partnered with Singapore-based Persistence, a bridge for traditional firms into undiscovered realms such as token staking and decentralized finance (DeFi). Tavis Digital is a spin-off of Tavis Capital, an asset manager regulated by the Swiss Financial Market Supervisory Authority (FINMA) with about $1.07 billion in assets under management. Nimble and financially sophisticated countries like Switzerland and…
03/28/2021 -
TTI LABS will soon be launched on the Firecoin eco-chain with unlimited potential
In the history of human development, innovation is eternal. Behind them, there must be the cooperation and integration of countless people’s ideas. In December, 20 years ago, the official announcement was made on the Firecoin global website, to help developers build decentralized applications flexibly and efficiently, Firecoin announced the official launch of the Huobi ECO Chain (“Heco” for short). With the market value of Bitcoin surpassing $1 trillion, many institutions and ecosystems are running to enter, and various tracks are still starting a war that cannot be seen. TTI LABS,…
02/26/2021