Two separate funds, set up exclusively for Ethereum by Galaxy Digital, received $ 32.1 million in investments. A total of five institutional investors entered the two funds, which were announced at the end of January.
Under the direction of Michael Novogratz, Galaxy Digital has set up two Ether funds this year. While one of them is based in Delaware, another is registered in the Cayman Islands.
Received an investment of 32.1 million dollars
Crypto money funds provide institutional investors with the opportunity to acquire crypto money indirectly. Galaxy Digital charges 1% commission for this service it offers to its customers.
The company submitted a document on the status of these two funds to the US Securities and Exchange Commission (SEC) on Friday. To the Ether fund in Delaware 22 million dollars investment was made. Requiring a minimum investment of $ 250,000 for entry, the fund received its first investment on February 19.
If the fund registered in the Cayman Islands 10.1 million dollars has been credited. Unlike Delaware, this fund, which received an investment on February 19 for the first time, sought a minimum of $ 100,000.