Galaxy is led by ex-hedge fund manager Michael Novogratz. The Galaxy Bitcoin Fund will require a $25,000 minimum investment with optional quarterly redemptions. As reported by Coindesk, Galaxy Digital Asset Management, a division of the merchant bank Galaxy Digital, has announced launched two bitcoin funds in November. The Michael Novogratz-led company will provide funds to give accredited investors low-fee, institutionally managed bitcoin exposure. It will also make a seed investment into both funds. Novogratz stated that the funds were in the works on CNBC. The Galaxy Bitcoin Fund will need a minimum investment of $25,000 with optional quarterly redemptions and will allow weekly withdrawals and require minimums higher than $25,000. The fund will also provide professional oversight of bitcoin storage, tax documentation, and client service support. Paul Cappelli is the portfolio manager for both funds. However, the funds will be passively managed, meaning the investments (in this case, bitcoin) are selected automatically. Steve Kurz will lead the Galaxy’s asset management division. However, it is unknown how much Galaxy has planned to raise from investors for either fund. At present, Galaxy Digital offers the Galaxy Crypto Index Fund. It tracks the Bloomberg Galaxy Crypto Index and provides exposure to the largest cryptocurrencies. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Cardano (ADA) collaborates with COTI to develop a merchant-focused payment gateway FX Street 3 years Galaxy is led by ex-hedge fund manager Michael Novogratz. The Galaxy Bitcoin Fund will require a $25,000 minimum investment with optional quarterly redemptions. As reported by Coindesk, Galaxy Digital Asset Management, a division of the merchant bank Galaxy Digital, has announced launched two bitcoin funds in November. The Michael Novogratz-led company will provide funds to give accredited investors low-fee, institutionally managed bitcoin exposure. It will also make a seed investment into both funds. Novogratz stated that the funds were in the works on CNBC. The Galaxy Bitcoin Fund will need a minimum investment of $25,000 with optional quarterly redemptions… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
