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Galaxy Digital takes another swing at crypto asset management, but the landscape is more competitive than ever

Quick Take

  • Galaxy Digital is starting two new bitcoin funds, the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund, targeting accredited and institutional investors
  • The two funds will work with Bakkt and Fidelity Investment to offer third-party custody and aim to offer lower fees than competitors such as Grayscale Bitcoin Trust
Galaxy Digital Holding Ltd. announced today that it is launching two Bitcoin funds— the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund— to provide accredited and institutional investors access to low-fee and institutionally secure bitcoin exposure. The two new funds build on Galaxy’s existing offerings, including the Galaxy Crypto Index Fund and Galaxy’s ecosystem […]

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