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 EAFF E-1 Football Championship 2022 Begins. CoinW writes a new chapter of sports event cooperation.
On July 19 at 15:00 Beijing time, along with the opening of the Korea Women’s Football Team vs. Japan Women’s football match, the EAFF E-1 Football Championship 2022 was officially begun. In the next 9 days, a total of 12 matches, male and female soccer players from China, Korea, Japan, Hong Kong, China, and Taiwan will bring a feast of soccer to fans in Asia and around the world. It is worth mentioning that leading digital asset exchang, CoinW debuted in the EAFF E-1 Football Championship 2022 for the firsttime. According to…
07/20/2022 -
“Applications of AI Stores in Retail and E-commerce: Leading Industry Transformation
In the digital age, Artificial Intelligence (AI) stores have become a key driving force in the retail and e-commerce sectors. Through highly personalized recommendation algorithms, advanced inventory management systems, and the automation of customer services, AI stores are reshaping the future of the industry, bringing unprecedented efficiency and customer experience to businesses. This article will explore the applications of AI stores in these areas and look forward to their profound impact on the retail and e-commerce sectors. Personalized Recommendations: Creating Customized Shopping Experiences Personalized recommendation systems are one of the…
Uncategorized 03/12/2024 -
What is the origin of the capitalist FTS that has set the NFT market alight?
The world’s progress is a process of subversion and re-subversion, innovation and re-innovation, however, every epoch-making technological revolution has fundamentally advanced the progress of human civilization,, with Bitcoin’s ten-year 26 million investment income, and created numerous wealth myths in just a few years, the emergence of Bitcoin has also made the decentralized distributed ledger blockchain technology popular worldwide , making Bitcoin gradually The fourth industrial revolution, with blockchain as its core, will bring unprecedented changes to humanity. NFT (TNon-Fungible Token), a digital cryptocurrency on the blockchain, is divided into…
05/04/2021 -
Resurgence, WODEX exchange platform currency platform token WMT is listed on Binance Smart Chain
At present, the digital financial market represented by NFT meta universe has developed into the main battlefield of more and more investors. Under the unpredictable market background, more users need more professional NFT meta universe platform and more investment value. Mainstream value currency. Based on this, the WODEX exchange token, WMT, has attracted attention from all walks of life once it came out. NFT is generally considered to be the most imaginative asset type in the future in the crypto world, and it is also an important part of…
Business 11/12/2021 -
The underlying infrastructure of the WEB3 social track: Universal Basic Asset (UBA)
According to the digital 2022 report of we are social & Hootsuite, as of January 2022, there will be 5.31 billion mobile users worldwide, 4.95 billion Internet users, and 4.62 billion active social media users. Active users of social media accounted for 58.4% of the global population, with an annual growth rate of 10.1%. The average daily time spent by 4.62 billion active users is 2h27min, and an average of 7.5 social applications are opened every month. Among the top 20 most viewed websites by Internet users in the world,…
02/20/2023 -
Camila Russo on Building The Defiant and the Future of DeFi
Talk about good timing: In 2017, Camila Russo was on the prowl for a worthy book project. What would be a good subject? What hasn’t been covered? At the time she was a reporter for Bloomberg. She was astonished to find a juggernaut of a story that was hiding in plain sight: Ethereum. “I was like, ‘I can’t believe that nobody is covering this,’” she says now. There were already crates of books written on Bitcoin, but there were very few, if any, on the world’s second-largest blockchain project. This post…
12/24/2020 -
Official Launch of Loop Wallet – Setting New Standards in Digital Asset Management
Dubai, 26th January 2024 – In a landmark event held in Dubai, renowned for its commitment to innovation in the crypto space, guests from around the world gathered to witness the official launch of Loop Wallet, a cutting-edge blockchain wallet gearing up to revolutionize the market this year. Now available for download on Google Play and the Apple App Store, Loop Wallet is poised to redefine the digital wallet experience for users. The New Standard for Digital Assets At the heart of Loop Wallet’s technology are Multi-Party Computation (MPC) and Account…
02/05/2024 -
Reshaping AI in Fintech: The Future of Financial Technology’Introduction: AI Leading Financial Innovation
In the fintech sector, the application of Artificial Intelligence (AI) stores has become a significant force driving industry innovation and efficiency. Through applications in algorithmic trading, risk management, and customer service automation, AI technology not only optimizes financial service processes but also enhances decision-making accuracy and the level of personalized service. This article will explore key application areas of AI in fintech and its impact on future financial services. Algorithmic Trading: The Speed and Intelligence of AI in the Market Accelerating the Decision-Making Process In financial markets, algorithmic trading uses…
03/12/2024 -
Coinbetter: Outlook for Cryptocurrency in 2022
Taking a look at the fall, the factors affecting bitcoin’s decline are increasingly complex from different dimensions. Bitcoin’s fall from $40,000 to its nadir of $32,000 is undoubtedly driven by the linkage of THE US stock market and the expectation of the Federal Reserve’s monetary policy. On the day before the Fed’s decision, U.S. stocks opened down, but bitcoin rebounded, petering out at $38,900, an important sign that the broader market is starting to move independently of U.S. stocks. The United States time on January 27, 3 o ‘clock, the…
02/08/2022 -
CoinW Labs Empowers the Growth of Outstanding Web3 Projects at the 2nd Tokyo Summer Hackathon
In collaboration with Cryptogram Venture (CGV), Keio University, MetaFocus, and TEAMZ, CoinW Labs concluded the first roadshow of the highly anticipated 2nd Tokyo Web3 Spring Hackathon (TWSH) on May 17th. CoinW Labs joined forces with prominent Web3 experts from around the globe to unearth promising projects and foster the accelerated growth of high-quality Web3 ventures. The second edition of TWSH was strategically positioned as “Based in Japan, looking at the world,” aiming to identify, support, and nurture exceptional individuals and teams in the Web3 domain on an international…
Uncategorized 05/22/2023