Key Takeaways
- Xapo Bank and Hilbert Capital will manage a $200 million Bitcoin hedge fund.
- The fund will be launched in September for professional investors.
- The fee structure will be lower than the traditional 2% and 20% model.
Xapo Bank has partnered with Hilbert Capital, the asset management division of Hilbert Group, to manage a $200 million Bitcoin-denominated hedge fund.
Scheduled to launch in September, the fund will cater to corporate, business, and professional investors, offering a structured approach to growing Bitcoin investments.
Xapo’s Director, Joey Garcia, highlighted the importance of providing sophisticated products for investors seeking exposure to Bitcoin’s price, stating:
We believe that offering the right products for participants… is a natural evolution of the asset class.
While details on fees were not disclosed, the firms confirmed that their structure will be more affordable than the traditional 2% management and 20% performance fees used by many hedge funds.
The rise of Bitcoin-focused hedge funds points to growing demand for institutional investment in Bitcoin, offering options beyond those available to retail traders.
