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
-
B2W Create a safe, transparent and standardized trading environment
B2W has the world’s leading financial technology research and development, blockchain research and development, artificial intelligence systems, big data platforms, the world’s top financial data docking center, currency market transactions, professional asset management, and core ICO community technologies and services. In the field of professional encrypted assets, it provides a series of services for global investment institutions and investors, combines the global currency revolution with financial cutting-edge technology, and provides members of the world with prosperous, healthy and sustainable wealth. Six advantages Avoid human weakness Make decisions objectively…
-
Prime XBT: Overall Crypto Exchange Review Prime XBT is a crypto margin trading platform that provides access to global markets with Bitcoin. It offers access to 50+ synthetic-markets which involves trading in crypto, commodities, forex and various stock indexes. It facilitates all trades through a Bitcoin-based account. Moreover, it is one of the prominent platforms for active traders. The company has grown phenomenally over the years. It serves customers in over 150 countries. However, why would you choose a Bitcoin-based exchange amid various crypto exchanges? In this review, I will take…
-
Cryptocurrency Fund Flows Now at Lowest Since October 2020
Flows into digital asset investment products declined by roughly $79 million to $21 million during the seven-day period through March 26, the lowest since October, according to a new report by CoinShares, a digital asset investment firm. Slowing investor appetite for cryptocurrency funds reflects sideways price action in bitcoin (BTC). The cryptocurrency has traded between $50,000 and $60,000 over the past week. “Investor appetite for digital assets has waned in recent weeks as volatility remains high and the price trades sideways,” CoinShares wrote in the report. “We have recently witnessed a significant reduction…
-
Japan AVF HOLDS HANDS IN SONA TO BUILD NFT ecology
According to official sources, T-power, Japan’s largest AV copyright owner, has announced that it will soon begin creating and releasing NFT copies of SONA and enter into a deal with SONA coinage. Starpunk operating NFT Alliance (SONA) is a decentralized and autonomous organization (Dao) platform, audited by the Soken , and is the heavyweight blockchain authority that audits OpenSea. The no preorder, no private offering by the Geek Coalition of America is the NFT Super Cross chain token, backed by the Andreessen Horowitz Foundation. NETWORK1 aims to connect blockchain/NFT game…
-
SporeOcean has completed the institutional round of financing and will start global ITO on April 23
In order to build SporeOcean’s global brand influence and expand its coverage, and build a solid long-term consensus on SporeOcean’s ecology, we plan to launch an ITO event. Users who meet the conditions for participation will have the opportunity to obtain a whitelist and participate in the SporeOcean Ambassador platform proposal governance rights and other rights after submitting through official channels for review and approval. SporeOcean Polkadot’s cross-chain DeFi+NFT operating system announced that it has completed two rounds of institutional angel round and A round financing. The angel round…
-
Opportunities and Challenges of Amazon Cross-border E-Commerce Development in the Context of the Epidemic
In 2020-2021, the new crown epidemic broke out one after another around the world, and in order to prevent the spread of the epidemic, many governments have issued home quarantine measures. This outbreak suppressed offline consumer demand in the global market, but at the same time also prompted further release of online consumer demand, making online shopping the mainstream shopping method and ushering in a new development opportunity for cross-border e-commerce. At the same time, affected by the global financial crisis, many countries in the entry and exit, logistics, customs…
-
Liquidity Mining – Your Way to Grow Crypto Assets in The HyperNation
How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets and unlock its boundless potential efficiently. Your cryptocurrency holdings mean a lot more from now on. Generally, there are two main methods to roll your funds in the crypto world: liquidity mining and yield farming. Among the two, the former is the predecessor of the latter. And many of our devoted fans of The HyperNation…
-
Aptos Foundation’s Ecosystem Grant Program Reveals Final List, Punk Ninja Becomes the First Japanese Game Project to Be Selected
Aptos Foundation’s Ecosystem Grant Program is designed to offer teams, individuals, and creators all around the world non-dilutive funding to further accelerate the growth of the Aptos ecosystem. Today, Aptos Foundation’s Grant Program announces the first batch of finalists. Punk Ninja became the first Japanese gaming project to receive support from the official Aptos Grant program. As an all-category Web3 casual gaming platform under SakuraVerse, Punk Ninja will help accelerate Aptos’ ecosystem development in Japan and East Asia, assisting in SakuraVerse’s vision to accelerate the world’s transition to Metaverse. Aptos’…
-
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…
-
Jaringan utama koin SYW telah diluncurkan dan merealisasikan sirkulasi global
Recently, something great happened within blockchain network. SYW coin completed the deployment on the ETH public chain and successfully launched the mainnet. This means that SYW has successfully realized global circulation and can be transferred in any blockchain networks. From now on, global investors can freely purchase or sell SYW coins. As a blockchain 2.0 application network, ETH’s related ecology has attracted the attention of many blockchain users and cryptocurrency owners. Ethereum holds the vast majority ofr DeFi protocols and stable coins. Due to its characteristics of having stable…
