{"id":35330,"date":"2021-01-26T10:09:36","date_gmt":"2021-01-26T08:09:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35330"},"modified":"2025-08-29T00:49:28","modified_gmt":"2025-08-28T21:49:28","slug":"galaxy-digital-to-launch-three-ethereum-funds-for-institutional-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/galaxy-digital-to-launch-three-ethereum-funds-for-institutional-investors\/","title":{"rendered":"Galaxy Digital to launch three Ethereum funds for institutional investors"},"content":{"rendered":"<p>Galaxy Digital, Mike Novogratz&#8217;s cryptocurrency bank, will launch three Ethereum-based funds in February, according to a letter the company sent to clients.<\/p>\n<p><!--more--><\/p>\n<p>The funds are the institutional-focused Galaxy Ethereum Fund and two funds for retail investors. Asset custody will be provided by the exchange&#8217;s Gemini custody arm.<\/p>\n<p>The Galaxy Ethereum Fund will give accredited investors access to the second-largest cryptocurrency by market capitalization. Asset value will be based on the Bloomberg Galaxy Ethereum index.<\/p>\n<p>For management, the company will charge 1% on investments of $100,000 or more and 1.25% for smaller investments. The entry threshold will be $25,000.<\/p>\n<p>In the two other funds, the fee will be 0.75% for Class A shares and 1% for Class B shares.<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View GFM Galaxy Ethereum Fund One Pager January 2021 on Scribd\" href=\"https:\/\/www.scribd.com\/document\/492141119\/GFM-Galaxy-Ethereum-Fund-One-Pager-January-2021#from_embed\">GFM Galaxy Ethereum Fund One Pager January 2021<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_51739\" class=\"scribd_iframe_embed\" title=\"GFM Galaxy Ethereum Fund One Pager January 2021\" src=\"https:\/\/ru.scribd.com\/embeds\/492141119\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-9sR4149mzq2VwCLadZVz\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7729220222793488\"><\/iframe><\/p>\n<p>Galaxy Digital regards Ethereum as an asset with high growth potential. Earlier, Mike Novogratz suggested that the cryptocurrency would rise to $2,600.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I had lunch with <a href=\"https:\/\/twitter.com\/ethereumJoseph?ref_src=twsrc%5Etfw\">@ethereumJoseph<\/a> today. Always makes me want to buy more <a href=\"https:\/\/twitter.com\/search?q=%24eth&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$eth<\/a>. Nice start to the week. Chart targets 2600.<\/p>\n<p>\u2014 Mike Novogratz (@novogratz) <a href=\"https:\/\/twitter.com\/novogratz\/status\/1353520282435268609?ref_src=twsrc%5Etfw\">January 25, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The launch of Galaxy Digital funds coincides with the start of <a href=\"https:\/\/u1f987.com\/en\/news\/cme-to-add-ethereum-futures\">Ethereum futures<\/a> trading on the Chicago Mercantile Exchange (CME).<\/p>\n<p>In November 2020, the company announced the <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-bitcoin-funds-attracted-58-7-million-from-institutions-over-the-year\">raising of $58.7 million<\/a> in Galaxy Institutional Bitcoin Fund LP and Galaxy Bitcoin Fund LP.<\/p>\n<p>In the same month, Galaxy Digital announced the launch of <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-to-launch-new-bitcoin-fund-in-canada\">a Bitcoin fund<\/a> in Canada.<\/p>\n<p>In January 2021, the company opened <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-launches-new-unit-focused-on-bitcoin-mining\">Galaxy Digital Mining<\/a>, a unit focused on mining the first cryptocurrency.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital will launch three Ethereum-based funds in February, according to a letter to clients.<\/p>\n","protected":false},"author":1,"featured_media":35331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,770,1303],"class_list":["post-35330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-galaxy-digital","tag-mike-novogratz"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35330"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35330\/revisions"}],"predecessor-version":[{"id":35332,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35330\/revisions\/35332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35331"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}