Mike Novogratz’s Galaxy Digital to Launch Ethereum Funds

CRYPTONAIRE LYWEEK

CRYPTO investment journal

Mike Novogratz’s Galaxy Digital to Launch Ethereum Funds

The cryptocurrency investment firm Galaxy Digital is planning new funds for Ethereum’s native coin, Ether.

Galaxy Digital, the crypto investment firm masterminded by Mike Novogratz, is launching new funds centered around Ethereum.

The Galaxy Ethereum Fund, along with two other funds geared toward institutions, will provide exposure to Ether (ETH), the Ethereum network’s native cryptocurrency.

Galaxy Digital has $815 million under management.

The cryptocurrency investment firm Galaxy Digital is planning new funds for Ethereum’s native coin, Ether.

According to documents shared with clients, and reviewed by The Block, the firm is launching a vehicle called the Galaxy Ethereum Fund, along with two other ETH-focused funds geared toward onshore and offshore institutional investors. The onshore institutional fund requires a minimum investment of $250k, though the minimum is lowered to $100k for the offshore fund.

These new funds provide exposure to ETH for investors who aren’t interested in holding or trading it themselves.

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CRYPTONAIRE LYWEEK

CRYPTO investment journal