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
-
Discover Musk, Metaverse, NFT and NPC from the historical trajectory
In 2004, one year after the launch of MindArk’s real-money economic game Entropia Universe, a user named Deathifier bought a treasure island on Planet Calypso for 265,000 PED (Project Entropia Dollars, equivalent to US$26,500). Treasure Island made history as the most expensive virtual item at the time, and Deathifier claimed to achieve a balance of payments within a year. He started filling the island with special thugs, taxing tourists and selling houses. Over time, Reddy MMORPG has launched more planets, some of which are operated and managed by other companies…
-
Synbit Uses Synthetic Assets to Build a More Comprehensive Income Market and Volatility Structure to Boost the Development of DeFi
With the momentum of liquidity mining getting stronger and stronger, DeFi is transforming traditional financial products into protocols at a hundred times faster. Decentralized trading platforms, stablecoins, decentralized lending and borrowing platforms, synthetic assets, and insurance products will all be decentralized, trustless and transparent in the decentralized network protocols. We believe that compared with traditional finance, DeFi has a more ambitious vision, that is to allow anyone to publicly own or trade any financial assets anywhere in the world. Because DeFi lacks some basic products and services, it is still…
-
The most anticipated chain game at the end of 2021–islandswap
If 2020 is the first year of DeFi’s explosion, then 2021 is undoubtedly the first year of GameFi’s explosion. Axie has become a phenomenon product whose monthly income has surpassed that of Honor of Kings, depicting a broad prospect of chain games for the public. The fitting concept “metaverse”, as well as the upgrading of policy and supervision, have pushed the chain games to a new climax. The shift from the traditional “Free to Play” to “Play to Earn” (P2E) mode has allowed many chain players to take advantage of GameFi. If you…
-
Dig Deep Credit Evaluation System Value, Coke Wallet To Create Block Chain Wallet New Track
In recent years, the influence of digital currency in global politics and economy has been rapidly increasing, which has brought great impact and change to the existing international financial system. At present, the number of global digital currency exchanges has exceeded 20000, basically growing at a rate of more than 3000 per six months. Although a series of important regulatory policies have had a great impact on the market, there are no signs of cooling the trading and circulation of digital currencies. Digital currency trading is a global act. At…
-
Coinfans Cloud hashrate leads the digital mining Bitcoin bull market feast
Cloud hashrate mining has become the mining choice of more and more miners in the past two years. Especially in the current period when currency prices continue to soar and break new highs continuously, Cloud hashrate mining has become an important magic weapon to seize the Bitcoin bull market. Cloud hashrate mining, as the name suggests, usually refers to the computing power leasing service provided by large mining farms. Miners users can purchase computing power contracts on the mining platform, thereby earning the bitcoins mined by the corresponding computing power. www.bi-fans.com…
-
Distributed password authentication systems may be the dark horse of the out-of-the-loop circuit in the future DPAS first in the world is about to see a new wave
On April 25, core members of the DPA community stated in the community that the distributed password authentication track, as a future hotspot, can only bring a new wave of boom if there is innovation at the application level. DPA (Distributed Password Authentication) is the world’s first decentralized distributed cryptographic identity authentication system in line with digital financial standards and distributed blockchain, with reference to the architecture standard decentralized public blockchain ecosystem, fully considering the technical characteristics of identity authentication and network ecological construction needs, in user credit identity management,…
-
Will islandswap lead the future of gamefi on OEC?
With the rise of the metaverse concept, GameFi has become the most popular topic in the crypto circle. With more and more players and a continuous influx of capital, each token in blockchain games is also rising and constantly breaking the highest record. A large number of mainstream public chains, including OEC and Solana, have emerged in the market, providing more choices and a better environment for blockchain games. At present, several good GameFi&metaverse blockchain games have been planned to be on OEC, from Crypto Gladiator to Celestial, and then to…
-
BTDA has drawn a new generation of storage blueprints
With the rapid development of mobile Internet, 5G, Internet of Things, artificial intelligence and other technologies, data has exploded, and countless data are continuously generated, collected and processed everywhere. Accordingly, the markets of cloud storage, cloud computing and distributed edge computing are growing rapidly. Market reports from IDC, GrandView, Garnter and other institutions have clearly described this trend. On April 20, 2020, the National Development and Reform Commission held a press conference. The new infrastructure mainly includes three aspects, namely, information infrastructure, converged infrastructure and innovative infrastructure. Among them, data…
-
US Inflation Rate Accelerates in February, Could Go Higher as Economy Reheats
The U.S. Consumer Price Index (CPI) rose 0.4% in February, leaving it up 1.7% over the last 12 months, in line with economists’ expectations, a Labor Department report Wednesday showed. The 12-month rate represents an acceleration from January’s 1.4% clip, a pickup partly driven by higher gasoline prices, which rose 6.9% in February, accounting for over half of the seasonally adjusted increase in the all-items index, according to the Labor Department’s Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose 0.1% in February, the report showed. That level was…
-
The Asset Reserve Protocol: XenophonDAO (XPH) will be the Next OHM on BSC
Stable coins are closely related to other encrypted digital currencies around the world. The governments of countries such as France are trying to introduce them into their financial markets. XenophonDAO hopes to create a new version of stablecoin controlled by its community members. The project aims to create a new way for users to interact with cryptocurrencies while limiting volatility and still having floating prices. 1. What is XenophonDAO (XPH)? XenophonDAO hopes to change the nature of stablecoins. Most stablecoins are linked to underlying assets (such as the U.S. dollar)…
