{"id":38447,"date":"2021-03-06T19:50:13","date_gmt":"2021-03-06T17:50:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38447"},"modified":"2025-08-30T04:43:40","modified_gmt":"2025-08-30T01:43:40","slug":"galaxy-digitals-ethereum-funds-attract-more-than-32-million-from-institutional-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/galaxy-digitals-ethereum-funds-attract-more-than-32-million-from-institutional-investors\/","title":{"rendered":"Galaxy Digital’s Ethereum funds attract more than $32 million from institutional investors"},"content":{"rendered":"

Institutional-focused funds of Galaxy Digital built on Ethereum have attracted more than $32 million since their February launch<\/a>. This is indicated by documents on the U.S. Securities and Exchange Commission (SEC) website.<\/p>\n

The U.S.-registered fund attracted $22 million<\/a>, and the Cayman Islands\u2013based one \u2014 $10 million<\/a>.<\/p>\n

The client base of Galaxy Digital’s funds is extremely limited\u2014just five firms, including NZ Funds and Vision Hill Group.<\/p>\n

In November 2020, Galaxy Institutional Bitcoin Fund LP and Galaxy Bitcoin Fund LP attracted $58.7 million<\/a>. In the same month Galaxy Digital announced the launch of a Bitcoin fund in Canada<\/a>.<\/p>\n

Galaxy Digital’s head of asset management Steve Kurz, in a discussion with CoinDesk stated<\/a>, that Ethereum-based funds are \u201cthe natural next step for the business.\u201d<\/p>\n

\n

\u201cBitcoin has strengthened its position as a store of value, in which we continue to believe. The programmability of Ethereum’s blockchain holds incredible opportunities for growth,\u201d Kurz stressed.<\/p>\n<\/blockquote>\n

Earlier in January 2021, Novo’s company opened the Galaxy Digital Mining division<\/a>, focused on mining the first cryptocurrency.<\/p>\n

Follow ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Institutional-focused Galaxy Digital funds on Ethereum have attracted more than $32 million since their February launch. Documents on the U.S. Securities and Exchange Commission (SEC) website indicate this.<\/p>\n","protected":false},"author":1,"featured_media":38448,"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":[46,770,1156],"class_list":["post-38447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-galaxy-digital","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38447","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=38447"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38447\/revisions"}],"predecessor-version":[{"id":38449,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38447\/revisions\/38449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38448"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}