Gemini launches dedicated service for crypto fund managers, including bitcoin ETF providers
March 4, 2021, 7:00AM EST
1 min read
Crypto exchange and custodian Gemini has launched a new dedicated service for fund managers, including bitcoin exchange-traded fund (ETF) providers.
The service, dubbed Gemini Fund Solutions, provides wealth managers with trade execution, clearing, custody, and other capital market services tailored to their needs on a single platform.
"There are a multitude of crypto funds coming to the global markets by a variety of methods, massively expanding the number of institutions bringing crypto products to their investors," said Gemini's global head of business Dave Abner. "Offering them an all-in-one solution is a way to help issuers to support this rapidly-growing trend."
Some other Gemini Fund Solutions clients include Canadian crypto fund managers 3iQ, CI Global Asset Management, Galaxy, and Ninepoint Partners. They cumulatively manage around $2 billion worth of assets in bitcoin and ether, said Gemini.