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
-
Security Token Startup Founder Arrested on Sexual Assault Charges, Toronto Police Say
The founder of a security token startup has been arrested on charges of sexually assaulting a minor, Canadian authorities said. Trevor Koverko, former CEO of Polymath, was taken into custody on March 14 by Toronto police, a spokesperson for the department, Caroline de Kloet, told CoinDesk Wednesday. He has apparently deleted his Twitter. Koverko has been charged with “sexual interference with a person under 16 years of age” (Section 151 of Canada’s Criminal Code) and “sexual assault” (C.C. 271), said de Kloet. Chris Housser, Polymath’s other founder and interim CEO, said Koverko resigned from…
03/31/2021 -
Blockchain + oil, a new petroleum ecological blockchain refining coin ORC is born strongly
Block chain is a new field where challenges and opportunities coexist, which deserves our attention and consideration. Under the wave of the fourth Industrial Revolution sweeping the world, taking the lead in participating in or even leading the research and development, application and promotion of block chain technology for any traditional energy company, It contains unprecedented development opportunities. As an energy hub connecting Asia and the Middle East, Singapore is the world’s third largest oil refining center, the world financial center, the world trade center, and the world shipping center…
04/29/2021 -
Sorare will launch on PancakeSwap at 12:00 UTC on May 19th, 2021
According to the latest official news, sorare community, a $50 million NFT platform for digital football, will release its token sorare and launch pancakeswap at 12:00 UTC on May 19th, 2021. According to the community, the government has been contacted to plan the follow-up application of the token. In addition, five members of a football club have been invited to live the interaction. Contract address: 0x5463f3cb2839cb46e6df6e9bb4386688e5b3eda twitter:@SorarePR Telegram:t.me/Sorare_ Exclusive
Uncategorized 05/17/2021 -
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…
12/14/2021 -
Adam: Tcow will recast the cross chain DEFI
At 23:00 UTC on March 17, 2021, Adam, the person in charge of cow Asia Pacific region, tweeted that “According to the proposal of community governance of cow, cow will enter wave field ecology through parallel chain. Imtoken tokenpocket and other wallets will support the cross chain of cow-trc20 protocol on April 1, 2021.This will be the first time that cow has entered the defi ecosystem of landing applications.” Then in the forum, some informants released their opinions to understand that tcow, the new eco token mentioned in…
03/19/2021 -
Gswap is about to start, supporting cross-chain transactions and multi-scenario applications
The Gswap decentralized application will be officially launched in early March 2022, and the Chinese language entrance will also be opened at the same time. In 2019, PIaytika announced its entry into the blockchain industry and began to conduct research work in the blockchain industry. In May 2020, PIaytika began to deploy the metaverse industry and digitally upgrade the existing industry. Gswap is a decentralized application based on the PK digital ecological wallet on the GS smart ecological chain developed by PIaytika & MET FX. It is planned to run…
Digital Currency 02/24/2022 -
Crypto Must Apply Safety Lessons of the Existing Financial System
There is a revealing, albeit slightly morbid, maxim that “safety standards are written in blood.” Humans and human-created systems generally tend to be reactive rather than proactive when it comes to developing protective rules. Nevertheless, today’s construction workers and consumers are more shielded from danger than those of the past because we’ve learned from prior mistakes. Rick McDonell was the executive secretary of the Financial Action Task Force from 2007 until 2016. Prior to that, he was chief of the United Nations Global Program against Money Laundering at the UNODC. He…
03/25/2021 -
Market Wrap: ‘Elon Candle’ Effect Fades Quickly as Bitcoin Retreats Below $55K
Bitcoin (BTC) trading around $54,771.18 as of 20:00 UTC (4 p.m. ET). Slipping 0.63% over the previous 24 hours. Bitcoin’s 24-hour range: $53,577.33-$57,225.30 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView The “Elon Candle” effect on bitcoin appears to be short-lived. The market jumped early Wednesday after Tesla CEO Elon Musk announced the electric vehicle maker plans to now accept bitcoin as a payment option, and that it won’t convert any receipts of the cryptocurrency back into…
03/24/2021 -
Market Wrap: Bitcoin Drops to Near $56K as Spot Trading Volume Remains Low
Bitcoin trading on CoinbaseSource: TradingView Bitcoin (BTC) trading around $56,140.49 as of 20:00 UTC (4 p.m. ET). Slipping 3.72% over the previous 24 hours. Bitcoin’s 24-hour range: $55,541.91-$58,645.77 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin slid for a second day as the No. 1 cryptocurrency saw flat trading volume, typical of a rangebound market. Bitcoin’s spot trading volume on eight U.S.-focused crypto exchanges tracked by CoinDesk was largely unchanged on Wednesday. The trading volume has been around or…
04/07/2021 -
NFL Player Taylor Rapp Is Launching an NFT to Fight Anti-Asian Hate
A young defensive back with the Los Angeles Rams is the latest pro athlete launching a non-fungible token (NFT), hoping to use the sale to raise money, and awareness, to combat the wave of anti-Asian hate crimes this year. Taylor Rapp, the free safety entering his third season in the National Football League, completely lacks the star power of a Rob Gronkowski or a Patrick Mahomes, marquee players who leveraged their splashy brands into multimillion-dollar NFT sales earlier this month. But the backfield starter, who said he’s been hustling with his co-creators for…
03/30/2021