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
-
No Joke: Chipotle to Give Away $200K in Free Burritos and Bitcoin on April 1
Fast-casual restaurant Chipotle Mexican Grill (NYSE: CMG) said it will be giving away $100,000 in free burritos and $100,000 in bitcoin (BTC, +0.12%) in honor of National Burrito Day on April 1. In an announcement, the restaurant said it has teamed up with former Ripple Labs CTO Stefan Thomas to launch a new interactive game called “Burritos or Bitcoin.” The game has been inspired by Thomas, who famously lost the password to his hard drive that now has $387 million worth of bitcoin stored on it. Players will carry out a mock “chiptocurrency” rescue mission and…
Business 03/31/2021 -
Ban, Minister Says
India’s Minister of State for Finance Anurag Thakur said the government needs to study national security risks posed by virtual currencies before making any decision on their legality. “We understand there is immense interest in these virtual currencies, but we also need to look at national security and security of Indians and individuals,” Thakur said while addressing an event organized by Entrepreneurs’ Organisation Punjab on Saturday. Thakur took a jab at the high price volatility of cryptocurrencies, saying that these coins often chart 10x price moves in weeks. “That doesn’t happen in…
03/07/2021 -
Since ONP launched the liquidity mining policy on January 21, 2021,
Since ONP launched the liquidity mining policy on January 21, 2021, the 48-hour-accumulated liquidity-pool pledge volume has exceeded USD 1,000,000. According to the latest news, the entire aggregated decentralized oracle network – ONP (Oracle Network Protocol) has kicked off the liquidity mining policy upon Uniswap Exchange on January 21, 2021. And the total 48-hour accumulated liquidity pool has been more than USD 1,000,000. ONP (OracleNetworkProtocol) is an aggregated decentralized oracle network based on the theories of Chainlink and Bandprotocol, which can realize safe, smooth and high-efficiency information-data interconnections between block-chain and the reality, as well…
Business 01/25/2021 -
META SPACE
META SPACE Laboratory invested 100 million US dollars to support its ecological construction, and launched the META SPACE chain game ecology and META SWAP, DEX platform in the first phase, and opened up the dual ecological interconnection mechanism.
Digital Currency 03/13/2022 -
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 -
We’re Already in the Future, Satoshi AI Reveals the First AI for DeFi
Driven by the growing availability of large amounts of data and advances in computing power, decentralized finance (DeFi) is here to witness a massive power-up following significant breakthroughs in AI research by Satoshi AI. Taken the world by storm for several days, billboards that depicted a mysterious AI have brought up excited onlookers’ curiosity over an AI claimed to elevate above extraordinary and ascend to perfection. Massive enquiries popped up in cyberspace as the netizens spotted these billboards in major cities, including New York, Reading, Rome, and…
Uncategorized 04/16/2023 -
Draws Skepticism From Rival Analysts
A debate is raging among bitcoin traders after a chart-reading analyst spotted a pattern known as a “bull flag,” ostensibly portending a coming rally to $70,000 or beyond. The analysis, posted on the website Bitcoinist by Yashu Gola and affirmed by Bill Noble at Token Metrics, concluded that the bull flag has formed over the past month, and that the cryptocurrency’s price is set to pop after a breakout in recent days. But when it comes to identifying and interpreting price-chart patterns there’s an art to the science, and some practitioners of bitcoin technical…
03/31/2021 -
AI Store Artificial Intelligence Technology Leading the Future of Autonomous Vehicles
Subtitle: Exploring the Innovative Applications of AI Stores in the Field of Autonomous Vehicles and Their Transformative Impact In the rapid tide of technological development, the application of Artificial Intelligence (AI) technology in the field of autonomous vehicles is sparking an unprecedented revolution. This revolution not only signifies a major shift in modes of transportation but also heralds the extensive application and profound impact of AI stores and AI technology in future societies. This report focuses on exploring the core roles, challenges faced, and the profound impact on future travel…
Uncategorized 03/12/2024 -
Reasonable financial allocation, earn income at Coinbetter
With the sound of the gunshots of the Russian-Ukrainian war, A-share Hong Kong stocks fell collectively, and safe-haven funds poured into gold, oil and other sectors, hitting new highs in more than a year. In the face of a fall, what should we do? Under the influence of external tensions, the market’s demand for safe-haven funds continues to increase. Coinbetter finds a track for investors, insists on digging in the market and provides users with a variety of different types of diversified products. At present, Coinbetter has added a new…
03/11/2022 -
The dark horse of the decentralised storage industry, crushing the FIL, what is the MACCion FIL II all about?
MACcoin FIL II, invested by Stanford University and Yale University’s investment advisor, is about to start mining, and has already received investments from Slow, Collab Crypto, IDEO and Naval RavikantToken Titan (Titan Capital), HWLLO CAPITAL (Haru Capital), HONGLIAN CAPITAL (Red Chain Capital) NEXT BLOCKCHAIN CAPITAL (NBC Capital), EFUND, Sky Chain Capital and other institutional investment. Becoming a file coin miner is an opportunity for community members to help store and preserve access to humanity’s most important information. By providing network security and infrastructure, MACCion FIL II miners help to build…
05/04/2021