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Xapo Bank and Hilbert Capital Launch New $200 Million Bitcoin Hedge Fund

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by Giorgi Kostiuk

2 years ago

  1. New Hedge Fund
  2. Fund Objective
  3. Terms and Advantages


    4. In these times of increasing Bitcoin and cryptocurrency adoption, banks are also making their moves. Swedish Xapo Bank and Hilbert Capital are set to launch a new Bitcoin hedge fund with an initial capital of $200 million.

    New Hedge Fund

    According to Coindesk, Swedish Xapo Bank and investment company Hilbert Capital have announced the launch of a $200 million Bitcoin hedge fund. This fund will be open to companies, businesses, and professional investors.

    Fund Objective

    The fund, set to be launched in September, aims to provide companies, businesses, and professional investors with the opportunity to “earn BTC-denominated returns from institutional-level structured credit arrangements that market participants cannot directly benefit from.”

    Terms and Advantages

    The fund will charge lower fees compared to other Hilbert funds, which typically charge between 2% and 20%. This launch follows Xapo becoming the first bank in the UK to offer interest-bearing Bitcoin accounts.

    The launch of the Xapo Bank and Hilbert Capital's $200 million Bitcoin hedge fund is a significant step towards increasing institutional adoption and use of cryptocurrencies.

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