As a seasoned researcher with a keen interest in digital currencies and investment trends, I find this latest development between Xapo Bank and Hilbert Capital intriguing. With a background in finance and technology, I’ve seen firsthand how the crypto landscape has evolved over the years, from a niche market to a significant player in global finance.
As an analyst, I’m sharing that Xapo Bank, in partnership with Hilbert Capital – the investment arm of Hilbert Group (HILB) from Sweden, has announced plans to manage a Bitcoin (BTC) hedge fund. The fund will initially be capitalized at $200 million.
Announced on Tuesday, the upcoming investment fund is planned for release in September and will cater to corporations, businesses, and experienced investors.
As an analyst, I’m convinced that progressing towards providing suitable products for investors in the cryptocurrency sphere who seek not just Bitcoin price exposure, but also methods to foster growth in the value of their Bitcoin investments, represents a logical advancement within this asset class – a notion echoed by Xapo Director Joey Garcia.
The companies have not given an exact figure for the fund’s fees, but they have mentioned that these fees will be lower compared to other hedge funds which typically charge 2% as an annual management fee and 20% as a performance fee on the fund’s gains.
The growth of bitcoin hedge funds could be seen as a barometer for increasing institutional adoption of crypto, as the investment class signals demand for sophisticated products beyond what can be offered to retail investors.
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2024-08-27 14:23