Fund

Multicoin Capital to raise $250 million for third crypto-focused venture fund

Multicoin Capital to raise $250 million for third crypto-focused venture fund

advertisement Crypto-focused hedge fund Multicoin Capital plans to raise $250 million for a third venture fund aimed at crypto startups, The Information reported after reviewing the company’s fundraising materials.  Austin, Texas-based Multicoin had already raised $100 million for a second fund in May, and plans to finish fundraising by the end of 2021. It joins …

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Tribe Capital to Launch $75M Crypto Fund

Tribe Capital to Launch $75M Crypto Fund

San Francisco-based Tribe Capital’s fund will focus strictly on the crypto sector, taking long positions in early-stage projects, SAFTs (simple agreements for future tokens, a type of investment agreement that developers use to work with investors), yield farming, treasury buys and mining. Source link

Stacks Foundation, Brink to Fund Bitcoin Development Fellowship Using ‘Stacking’ Rewards

Stacks Foundation, Brink to Fund Bitcoin Development Fellowship Using ‘Stacking’ Rewards

The Stacks Foundation and crypto organization Brink will fund a new full-time Bitcoin developer fellowship position through “stacking” rewards. The foundation will stack 1.32 million stacks tokens (STX) for Brink, which it estimates will yield $165,000 in bitcoin in one year, according to a Stacks blog post. The funds will be paid directly to Brink’s …

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Grayscale Adds Solana to $494M Digital Large Cap Fund — CoinDesk

Grayscale Adds Solana to $494M Digital Large Cap Fund — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk …

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Crypto hedge fund launches actively managed ether and bitcoin trusts

Crypto hedge fund launches actively managed ether and bitcoin trusts

advertisement A crypto investment firm is launching two new products that aim to offer accredited investors the opportunity to add crypto exposure with less of the market’s breakneck volatility.  Cambrian Asset Management, a California-based investment firm with more than $200 million in assets under its management, announced this week its so-called Cambrian Bitcoin Systematic Trust …

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Bitcoin fund launched by NYDIG has raised nearly $17 million to date

Bitcoin fund launched by NYDIG has raised nearly $17 million to date

A bitcoin fund created by investment services firm NYDIG has raised nearly $17 million to date.  NYDIG Bitcoin Fund LP, which made its first sale in July 2019, has raised $16.95 million from a total of 121 investors, according to a Securities and Exchange Commission filing from September 17. The prior filing, published last October, showed a …

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Galaxy Digital launches fund of funds backed by Franklin Templeton

Galaxy Digital’s asset management business seems to be heating up after a recent acquisition. “It’s going to be a diversified asset management platform…the Blackstone of crypto,” Galaxy’s Scott Army said, referring to the $600 billion alternative investment management giant.  On Tuesday, the firm made one of its first steps towards that goal, announcing the launch …

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Crypto quant hedge fund CIO explains the impact of Elon Musk's tweets on the bitcoin market

Crypto quant hedge fund CIO explains the impact of Elon Musk’s tweets on the bitcoin market

Episode 28 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Cambrian Asset Management’s Martin Green.  Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Bakkt, Kraken, and Exodus Bakkt® unlocks …

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Why this retirement fund has invested in Bitcoin

Why this retirement fund has invested in Bitcoin

New Zealand-based retirement saving schemes KiwiSaver, one that is operated by NZ Funds Management, has invested about five percent of its assets in Bitcoin. Local reports stated that as of December last year, the Funds Management’s KiwiSaver Growth Strategy fund had investments worth just over $350 million​.  The Fund Manager reportedly changed its “offer documents” …

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