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
-
SYW Coin Launching Mainnet, Realizing Global Circulation
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…
-
Thenext windfall MUC smart AI contract ____ Muc Miners Union
From the proposal of bitcoin to now, blockchain has gone through tenyears of development, and has long killed the sky in the field ofpass economy, but in the field related to blockchain commercialapplication, it seems poor, except in very few fields includingmedical, intelligent AI, big data, etc. There is a preliminaryinvolvement, but also subject to the sensitivity of the data, butalso did not get a good development, blockchain business applicationswhy it is so difficult? We might as well analyze it from variousangles. Paradox 1: The greater the use of pass,…
-
Coinbetter: Looking at the revolutionary road of NFT from X2Y2
The explosion of X2Y2 will only take a short period of time. On February 16th, the NFT trading platform X2Y2 announced that 12% of the tokens (120 million pieces) were used for airdrops to OpenSea historical trading users. However, three hours after the event started, X2Y2’s token airdrop activity was suspended. At that time, X2Y2 officially stated that because the user experience of the airdrop was not as expected, the team would suspend the airdrop to improve the overall user experience. As of the suspension of the event, 0.5% of…
-
StarSea Bit Exchange Economic Security and Benefits Amid Global Market Changes
The cryptocurrency market is evolving at an unprecedented pace, and exchanges are at the core of this dynamic transformation. In the face of global economic challenges, platforms like StarSea Bit Exchange must navigate complex landscapes to ensure economic security and provide lasting benefits to users. This article explores how StarSea Bit Exchange remains a reliable and beneficial trading platform, even amid global economic uncertainties, by focusing on economic security, compliance, and strategic growth. The Importance of Economic Security in Cryptocurrency Exchanges Economic security is a fundamental aspect of the operations…
-
Whale Shark’s NFT Collectors Playbook
Thinking about buying some non-fungibles? Maybe you’re even thinking about investing? Maybe you still can’t wrap your brain around the idea of digital art being sold for $69 million, but you’re open-minded, you’ve done your homework and you think the rewards outweigh the risks. And maybe this is money you can afford to lose, so what the hell? [Obligatory disclaimer: Nothing that follows is financial advice. Investing in NFTs – or anything in crypto – is packed with risk and you can lose everything. Proceed with caution.] But if you’re trying to get your…
-
Bitcoin’s Stimulus-Led Rise Fades as Stocks Drop, Dollar Gains
Bitcoin has erased Sunday’s gains as stock markets struggle to cheer progress on U.S. fiscal stimulus efforts. The cryptocurrency is changing hands just over $50,150 at press time, representing a 1.55% drop on the day, according to CoinDesk 20 data. Prices had jumped from roughly $49,000 to $51,800 on Sunday as the U.S. Senate approved President Joe Biden’s $1.9 trillion stimulus plan. The bill now heads back to the House of Representatives so it can be reconciled with the House-passed version and then sent on to President Biden to sign. Traditional markets had mixed…
-
LibraSwap cross-chain transaction to lead the Swap 2.0 wave
LibraSwap is the first NFT, cross-chain exchange platform where you can mint (create) NFTS through a crypto chain and easily exchange tokens between crypto chains. LibraSwap’s mission is to provide consumers with cryptocurrency-based financial services that enable them to exchange or “exchange” various digital assets. LibraSwap is committed to providing consumers with cryptocurrency-based financial services that enable them to exchange or “exchange” various digital assets. To facilitate cross-chain Dex and cross-chain exchange between ETH and BNB for exchange settlement that exceeds the limits of a typical isolated blockchain network. …
-
First game of Metaease — Heroland overview
Metaease has officially launched and it’s first game—- Heroland is coming and will soon under beta test. Now let’s have a overview about this project. Heroland is an SLG mobile game based on blockchain technology with gameplay as its starting point and foothold. Our design idea is to give full play to the entertainment and educational significance of the game. While bringing game value to users, we use blockchain technology to make the game run in an open and fair environment to ensure game fairness and asset safety among players….
-
Jonathan Blake and The All-Weather Story Fund: Shaping the Future of Talent at Bridgewater Associates
In a world where finance and education converge, the pursuit of developing future leaders stands as a crucial component of success. Jonathan Blake, an esteemed thought leader, educator, and member of Bridgewater Associates, has been instrumental in reshaping how the next generation of financial talent is cultivated. Central to this narrative is The All-Weather Story Fund (TAWSF), an innovative educational initiative that is part of Bridgewater’s broader efforts to foster a pipeline of future financial leaders. The All-Weather Story Fund: A New Approach to Learning Bridgewater Associates, one of the…
-
AI screening mechanism? Future? A dream? Maybe it can come together! A meta-universe may be facilitated? NFT Frenzy! Connecting reality! !
Source Origin Coin, a group of coins built by enthusiasts and tech junkies. What the future looks like, we can’t be sure, but now we can start exploring! The virtual world has been positioned in a way that is not recognised by most in the real world, including admittedly the leading virtual coin world, Bitcoin. Source hopes that it can dovetail the virtual world with the real world and change this through its own special mechanism and philosophy. To contribute to the promotion and popularity of the virtual world….
