Xapo Bank e Hilbert Group collaborate to create a 200 million dollar hedge fund denominated in Bitcoin, opening new investment prospects for companies and professional investors.
Let’s see all the details below.
Imminent launch for the Bitcoin hedge fund by Xapo Bank
As anticipated, Xapo Bank and Hilbert Group, two prominent names in the world of cryptocurrencies, have announced their collaboration to launch an innovative hedge fund denominated in Bitcoin (BTC).
With an initial investment of 200 million dollars from Xapo Bank and other institutional investors, this new fund aims to offer a unique exposure to the Bitcoin market.
Creating at the same time opportunities for growth and diversification for professional investors.
According to a press release dated August 27, the hedge fund is the result of a strategic partnership between Xapo Bank and Hilbert Group, with the latter involving its asset management branch, Hilbert Capital, to manage the fund.
Niclas Sandström, CEO of Hilbert Group, emphasized the importance of the collaboration with Xapo, describing it as a “close and strategic partnership” that has taken shape over the last 12 months.
“We have developed a close collaboration with Xapo Bank, a pioneer in the Bitcoin space and a leading financial institution in the digital asset sector. Given the investment opportunities and the quality of the team involved, we expect significant growth of the fund in the next year.”
The fund, which will be officially launched in September, represents a unique opportunity for companies, businesses, and institutional investors to generate returns in Bitcoin.
Unlike the direct purchase of BTC on the market, the fund will offer access to advanced investment strategies and institutional-level credit arrangements.
An aspect that makes it particularly attractive for investors looking for exposure to Bitcoin but with structured methods of capital growth.
Lower commissions and more
A key element that distinguishes this hedge fund from the others is the fee structure.
In fact, the commissions applied will be lower compared to industry standards, with fees below 2% for management and 20% on profits, as indicated by Hilbert.
This competitive strategy could attract a large number of investors, eager to reduce costs while maintaining a high exposure to the cryptocurrency market.
Joey Garcia, director of Xapo Bank, explained the logic behind the creation of this fund.
In particular, emphasizing how the goal is to offer products that not only allow for exposure to the price of Bitcoin, but also provide structured tools to grow the value of the investment in Bitcoin.
“We believe that offering solutions of this type is a natural evolution of the digital asset class.”
Steps forward in digital investments
Hilbert Group, founded in 2018, has built a solid reputation in asset management through algorithmic trading strategies. The company, however, does not limit itself to fund management alone, but also invests in projects related to blockchain and cryptocurrencies.
Among the initiatives funded by Hilbert are the crypto data platform Coin360, the self-service SaaS tool based on blockchain CapChap, and HAYVN, a trading and custody platform for digital assets.
For its part, Xapo Bank has gained notoriety as the first bank enabled for Bitcoin, integrating traditional financial services with the world of cryptocurrencies.
Recently, the bank has expanded its presence by entering the United Kingdom market, marking another step forward in its global growth strategy.
The launch of this hedge fund denominated in Bitcoin represents a significant step in the world of digital investments.
With an expert team and an advantageous fee structure, the fund could attract a wide range of investors, contributing to further consolidating the position of Xapo and Hilbert as leaders in the cryptocurrency sector.
In a context where interest in Bitcoin continues to grow, initiatives like this could play a crucial role in defining the future of investments in digital assets.