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
-
CoinSea Global Exchange to a New Step
Recently,according to official news,CoinSeaEX digital asset trading platform has obtained the MSB digital asset exchange license issued by the U.S. Treasury agency FinCEN,and the global compliance operation has reached a new level again. According to reports,this is CoinSeaEX in the world obtained the fifth compliance business license. MSB is the abbreviation of the Money Services Business,the U.S. Treasury and Securities Regulatory Commission have clearly stressed that digital money exchanges and their managers,engaged in digital assets related business in the United States,must be registered in the FinCEN MSB license. A licence…
03/09/2021 -
JPMorgan Posts 34 Blockchain Jobs as It Beefs Up JPM Coin
U.S. mega-bank JPMorgan has 34 open blockchain job positions posted on its website. It’s quite possibly a record for any company in the space (JPMorgan has been noted for its enthusiastic blockchain hiring in the past). The majority of the job openings, posted this month and last, are spread across the U.S., India and Singapore. Many of the jobs relate directly to Onyx, the division created in October of last year to oversee JPM Coin, the bank’s wholesale payments token. By signing up, you will receive emails about CoinDesk products and you agree to…
03/07/2021 -
Zelator sharing matrix is strong
2020 is a turbulent year, for the currency circle, the project circle is very, countless people fell before the bull market, today, a new decentralization of the global sharing matrix project, a decentralization of the divine wave field matrix appeared! Zelator, comes, strong and born. Zelator is the international community of the global decentralized ecosystem and the first ever intelligent contract marketing matrix of the Tron network, developed by a group of network technology geeks and block chain community enthusiasts, without project parties. No manager behind the scenes, all data…
01/25/2021 -
WEB3.0’s first war why FSV is the main field
According to the data survey, it was found that in the current hot wind of the meta-universe, “whether it is a big factory or a startup team, more and more people are entering Web3.0 throughout 2022.” In the promotion of capital and various institutions, the star project FSV in 2022 also began to build FSVSWAP based on FSV smart chain, is expected to complete all main network testing and successful launch in Q4 2022, this FSV build FSVSWAP engine page based on FSV smart chain also marks the era of…
06/26/2022 -
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…
12/24/2020 -
Project Analysis: Alaya, a Data Provision Service for Artificial Intelligence
The popularity of Artificial Intelligence (AI) has led to the emergence of projects on this concept. Most of them are focused on modeling applications, and a number of excellent products have appeared. But today we are going to focus on Alaya, a provider of underlying data-based services, which uses the concept of gamification to collect and label data for AI, and finally provide higher quality data to algorithms. Here we will experience the product Alaya, first of all, visit his official website to view the basic information of the project:…
07/17/2023 -
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…
01/12/2022 -
In 2022 Elven World, the dark horse, Gamefi phenomenon is born! The Genesis equipment pre-sale is officially open!!
The Metaverse , also known as the next-generation Internet, exploded in 2021. However, the Internet’s practice of mapping the real world into the virtual space is still in its infancy. Some metaverse projects stay in the partial mapping of reality, such as somatosensory and VR games. And Gamefi games, a breakthrough in the metaverse world, have been sought after by users all over the world! The rapid development of GameFi is inseparable from the distributed structure of blockchain technology. Through this distributed structure and the confirmation of assets by the blockchain,…
01/20/2022 -
Crypto Investor MetaKovan Announced as Buyer of $69.3M Beeple NFT
MetaKovan, the pseudonymous founder of non-fungible token (NFT) fund Metapurse, is the proud owner of the Beeple NFT auctioned by Christie’s on Thursday for $69.3 million. “When you think of high-valued NFTs, this one is going to be pretty hard to beat,” MetaKovan said in a press release issued by the 255-year-old auction house. MetaKovan paid for Beeple’s “Everydays” in ether (ETH, -2.04%), Christie’s confirmed, beating out Tron founder Justin Sun in a last-minute bid. The final sale price was 42,329.453 ETH. Appearing on CoinDesk TV earlier Friday, Beeple (aka Mike Winkelmann) said, “I probably will keep a percentage…
Uncategorized 03/14/2021 -
Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor
Tesla just contributed to Bitcoin open source software. The car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team patch the flaw. The electric vehicle and renewables company informed BTCPay’s team of the bug after reviewing the project’s GitHub last week. It affects users who boot BTCPay from “Docker Deployment, have a configured email server and enabled registration for users in Server Settings > Policies,” according to a post on BTCPay’s GitHub that included a software patch. “The security team…
03/30/2021