• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

X Faces Major Global Outage Affecting Users Worldwide

chest

On January 16, 2023, X, the social media platform formerly known as Twitter, experienced a significant global outage affecting users' access to the service.

user avatarKenji Takahashi

Forget Gold: Why You Need to Consider Copper as an Investment Bet

chest

Investment commentator Advait Arora argues that copper is a more promising long-term investment than gold due to its role as an economic indicator.

user avatarDiego Alvarez

AI Healthcare Faces Risks Amid Rapid Development

chest

The rapid integration of AI in healthcare brings significant risks, including data privacy concerns and the potential for inaccurate medical information.

user avatarGustavo Mendoza

The Future of AI in Healthcare: Integration and Trust

chest

The successful integration of AI in healthcare requires a multistakeholder approach, collaboration among various entities, and robust clinical validation to ensure efficacy and safety.

user avatarRajesh Kumar

Litecoin's Technical Structure Indicates Potential Price Movements

chest

Litecoin's current technical structure suggests it is at a critical juncture, with potential for both upward and downward movements.

user avatarMaria Fernandez

OpenAI and Anthropic Accelerate AI Integration in Healthcare

chest

OpenAI and Anthropic are accelerating their strategic moves into the healthcare sector, with OpenAI acquiring Torch and Anthropic launching Claude for Health, promising to reshape medical diagnostics and patient care while raising safety and ethics concerns.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.