RATE Group | Galaxy Digital Launches Bitcoin Funds
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Galaxy Digital Launches Bitcoin Funds

19 Nov Galaxy Digital Launches Bitcoin Funds

Posted at 13:14h in Bitcoin News by

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New funds provide institutional and accredited investors access to low-fee, institutionally wrapped bitcoin exposure

NEW YORK, Nov. 19, 2019 /PRNewswire/ – Galaxy Digital Holdings Ltd. (TSXV: GLXY) announced that its affiliate, Galaxy Digital Capital Management LP, launched the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund. Both funds are passively managed vehicles that offer institutional and accredited investors low-fee, institutionally wrapped bitcoin exposure supported by vetted service providers. 

The Galaxy Bitcoin Fund requires a $25,000 minimum investment and has quarterly liquidity, whereas the Galaxy Institutional Bitcoin Fund has weekly liquidity and requires a higher minimum investment. The funds offer institutionally secure third-party custody, standard tax documentation, and client service support – all to provide simplified bitcoin exposure for accredited investors. Steve Kurz, Head of Asset Management at Galaxy Digital, will…

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