{"id":36751,"date":"2024-08-27T14:56:27","date_gmt":"2024-08-27T14:56:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xapo-bank-partners-with-hilbert-group-to-launch-200m-bitcoin-hedge-fund\/"},"modified":"2024-08-27T14:56:27","modified_gmt":"2024-08-27T14:56:27","slug":"xapo-bank-partners-with-hilbert-group-to-launch-200m-bitcoin-hedge-fund","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xapo-bank-partners-with-hilbert-group-to-launch-200m-bitcoin-hedge-fund\/","title":{"rendered":"Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/xapo-bank-bitcoin-fund-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/xapo-bank-bitcoin-fund-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/xapo-bank-bitcoin-fund-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/xapo-bank-bitcoin-fund-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The BTC fund will receive an initial investment of $200 million from Xapo and other investors.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Xapo Bank is teaming up with Hilbert Group to launch a <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin (BTC)<\/a>-denominated hedge fund, according to a <a href=\"https:\/\/hilbert.group\/en\/hilbert-group-and-xapo-bank-agree-strategic-investment-partnership-and-launch-of-bitcoin-hedge-fund-in-excess-of-200-million\/\" target=\"_blank\" rel=\"noopener\">press release<\/a> on Aug. 27.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the announcement, Hilbert Group said the strategic partnership will involve its asset management arm Hilbert Capital and see an initial investment of over $200 million from Xapo as well as other investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cOver the last 12 months, we have developed a close and strategic partnership with Xapo Bank, a veteran in the Bitcoin space and a tier-one financial institution in the digital asset space,\u201d Niclas Sandstr\u00f6m, CEO of Hilbert Group, said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He added, \u201cGiven the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Fund to offer exposure to Bitcoin<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The newly-established BTC-denominated hedge fund will launch in September, Hilbert Group revealed in the press release. Corporates, businesses and professional investors will leverage the new fund to generate returns in bitcoin. The fund will offer institutional-grade credit arrangements that investors don\u2019t get through direct market participation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the BTC-denominated fund will have fees lower than the 2% and 20% Hilbert\u2019s other hedge funds charge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe believe that offering the right products for participants in the space who are aiming not only for exposure to the Bitcoin price, but also structured ways to grow the Bitcoin value of those investments is a natural evolution of the asset class,\u201d Joey Garcia, director of Xapo Bank commented.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hilbert, founded in 2018, primarily focuses on asset management of algorithmic trading strategies. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The company also invests in blockchain and crypto related projects. Investments in the space include crypto data platform Coin360, blockchain-based self-service SaaS tool CapChap and HAYVN, a digital assets trading and custody platform.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Xapo is the first Bitcoin-enabled bank that integrates fiat with crypto. It recently <a href=\"https:\/\/x.com\/xapobankapp\/status\/1821920916500037793\" target=\"_blank\" rel=\"noopener\">announced<\/a> its entry into the UK.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/xapo-bank-partners-with-hilbert-group-to-launch-200m-bitcoin-hedge-fund\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200 million from Xapo and other investors. Xapo Bank is teaming up with Hilbert Group to launch a Bitcoin (BTC)-denominated hedge [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":36752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36751"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=36751"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/36752"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=36751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=36751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=36751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}