3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap
The digital asset manager passed a key milestone this week. Source link
Fund
Anthony Scaramucci outlines his new Bitcoin fund, discloses initial $25 million investment during interview
The bitcoin fund founded by Anthony Scaramucci’s SkyBridge Capital has invested some $25 million ahead of a planned public opening sometime next year. In comments to CNBC, Scaramucci outlined the contours of the Bitcoin fund — the existence of which The Block reported Monday — and its potential appeal to would-be investors. “It became clear …
Pantera says its ICO fund performance is up 362% year-to-date
According to Pantera Capital’s monthly investor letter, the firm’s initial coin offering-focused fund is up 362% year-to-date in terms of performance. “Pantera Funds are continuing to generate strong returns in what has been a seminal year for digital assets. We believe we are still in the early innings of a potential multi-year bull market fueled …
Pantera says its ICO fund performance is up 362% year-to-date Read More »
Billionaire hedge funder Alan Howard is backing a little-known fund that’s buying bitcoin and ether: report
Alan Howard, billionaire hedger fund manager, is among the backers of a new institutional-focused investment firm that’s eyeing an as much as $1 billion allocation to bitcoin and ether by early next year. According to a Bloomberg report, One River Asset Management CEO Eric Peters set up a new company to capture institutional interest in the …
$76M Ether Fund Makes ‘World First’ IPO on Canadian Stock Exchange
An Ethereum-based fund has completed its initial public offering (IPO) on the Toronto Stock Exchange (TSX). According to a press release on Thursday, Canadian investment fund manager 3iQ announced the sale of more than 7.2 million Class A and F units totaling gross proceeds of around $76.5 million. The Ether Fund Class A Units, aimed …
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Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale’s GBTC
Guggenheim Partners, the $200 billion-plus asset-manager, could be the latest Wall Street firm to allocate capital to the cryptocurrency market, as per a filing. The firm, which invests across asset classes on behalf of companies, pension funds, and sovereign wealth funds, wrote in a filing on November 27 that it might “seek investment exposure to …
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Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC
Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC). Source link
Huobi launches Filecoin incubator backed by $10 million fund
Huobi Group unveiled Tuesday a new incubator program focused on Filecoin and backed with a $10 million investment fund. The press release describing the launch states the incubation center will focus on investing in ecosystem projects as well as providing support to the wider Filecoin community. As part of the arrangement, Protocol Labs will provide …
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Pantera Raises $134M for Its Bitcoin Fund
Cryptocurrency firm Pantera Capital has raised $134 million for its bitcoin fund, according to a form D filing with the U.S. Securities and Exchange Commission. Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first U.S.-based bitcoin fund. In an investor letter at the end of 2017, Pantera boasted a 25,004% return on the …
Ripple Enters Lending With XRP Credit Lines to Fund Global Payments
Ripple, the payments startup with an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into lending. Source link