Crypto investment firm Galaxy Digital to launch Ethereum fund

Rhythm BlockBeats news, on January 26, Mike Novogratz (Mike Novogratz)'s encryption investment company Galaxy Digital will launch a new fund centered on Ethereum.

Galaxy Digital is launching an investment vehicle called the Galaxy Ethereum Fund, There are also two other Ethereum-focused funds targeting onshore and offshore institutional investors. The minimum investment requirement for onshore institutional funds is US$250,000, but the minimum investment requirement for offshore funds has been reduced to US$100,000.

“Six Applications in Decentralized Finance (“DeFi”) Are Now Worth Over $1 Billion , up to $100 million in annual revenue,” said Galaxy Digital, arguing that many of these projects rely on Ethereum-based tokens. Well, what is good for the Ethereum network, is also good for ETH (the cryptocurrency).

Galaxy Digital currently manages $815 million in assets.

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