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
-
Risk Management: The Solid Foundation for Long-Term Market Profitability– Richill Miller, Dean of Pioneer Era Trading Academy
In the vast financial markets, traders often face a seemingly simple yet challenging goal—long-term profitability. While accurate market predictions and sophisticated technical analysis are undoubtedly key to success, true victory often hinges on a more subtle yet crucial factor: risk management. Risk management is not only a core concept in financial trading but also a key determinant of whether a trader can stand out in the competitive market and achieve stable and lasting profits. This article will delve into the core ideas of risk management and reveal its irreplaceable role…
-
TA: Ethereum Turns Vulnerable, Why $600 Could Prevent Fresh Increase
Ethereum faced an increase in selling and it declined sharply to $550 against the US Dollar. ETH price is correcting higher, but upsides are likely to remain capped near $595 and $600. Ethereum declined sharply below the $600, $595 and $580 support levels. The price is now recovering from $550, but it is below the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $592 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline as long…
-
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…
-
Keep Calm, Fly High with HyperWallet Token (HWT) on PancakeSwap
Following an acute rise of 30% in liquidity mining, HyperWallet Token (HWT) has finally broken the resistance stronghold. It soared to a new height of $0.047, which is 470% of robust appreciation from its official listing on PancakeSwap in less than 2 months. Started from $0.01, it is truly defying the laws of gravity in the awfully cold and brazen “crypto winter” now. Currently hovering above 0.040 at the time of writing, HWT remains bullish, with active trading volume continuing to surge more than USD$148.82k worth of transactions for the…
-
Recapping the First Few Weeks of CME Ether Futures
On February 8, CME Group officially launched Ether futures. ETH futures went live just a little more than three years after CME Group began offering Bitcoin futures. In this interview, CME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt discusses the origins of ETH futures, what convinced them that the time was right for the product to go live, how institutional investors’ attitudes towards Ethereum (and crypto as a whole) have changed, and how the response from the market has been. When did you start thinking…
-
The 2024 Scarlet Ball Rise S-RISING AI Game Public Chain News Conference is about to be grandly held
With the rapid development of Web3 technology, the blockchain field is sweeping the world at an unprecedented speed. In this wave of change, the highly anticipated blockchain event – the 2024 Scarlet Globe Rising S-RISING AI Game Public Chain Press Conference – will be held grandly in Bangkok, Thailand on April 9, 2024. This milestone event not only marks the debut of the S-RISING AI series in Asia, but also marks the rise of the Scarlet Ball. Meanwhile, S-Rising will soon announce its second phase investment institution partners and select…
-
HyperVerse and Genaro Network Establish a Strategic Cooperation for Decentralized Cloud Storage
According to official news, HyperVerse announced that it had reached a strategic cooperation with Genaro Network, an encrypted storage public chain platform. Through this cooperation, both parties will work together to establish metaverse WEB3.0. In the construction of metaverse, decentralized blockchain cloud storage is an integral part of it. Genaro Network will provide HyperVerse with decentralized encrypted storage service, and furnish users with efficient and safe storage of massive data. In terms of data security, it is able to protect user data from being lost, and guarantee that the ownership…
-
From”Poor Dad, Rich Dad” to Mobius Wallet, Robert Kiyosakicreates a cash flow game that ordinary people can participate in!
On December 13, Robert Kiyosaki, the author of “Poor Dad and RichDad”, tweeted that fortunately, I bought Bitcoin. Its next stopis $50,000. Institutional funds will continue to be purchased in2021. If you missed Bitcoin, buy silver. As a result of AOC’s GreenNew Deal, silver will also rise. For gold, silver, Bitcoin andentrepreneurs, the future is bright. As awell-known figure in the field of economics, Robert Kiyosaki’s bookssuch as “Cash Flow Game”, “Poor Dad and Rich Dad”,”The Road to Financial Freedom” are sold worldwide. “PoorDad, Rich Dad” was published in the…
-
A metaverse game called “FunBall” will be launched soon
With Zuckerberg’s announcement to rename fackbook to meta, we saw more and more “metaverse” games start to appear in the market. Game platforms, such as GALA YOOSHI have borrowed from the steam model and have quickly accumulated a large number of users in a short period of time. Recently, we have been looking at a company called ” BRILLIANT FAITH”, which is planning to launch a game competition platform called “MeRace”. They have officially announced that the platform is in development and have announced the name of the first game “FunBall”. The…
-
AI-Powered Retail Stores Leading Future Trend Predictions
In an in-depth exploration of the revolutionary role of Artificial Intelligence (AI) stores in the field of predictive analytics, we not only witness its widespread application across various industries but also see the profound changes brought by technological evolution. By combining the latest technological advancements, real-world application cases, and analysis of future trends, we can gain a more comprehensive understanding of the impact and the challenges and opportunities faced by AI-powered predictive analytics. Deepening Understanding of AI Predictive Analytics AI predictive analytics utilizes machine learning and deep learning technologies to…
