Share this article
Hilbert Capital Will Manage $200M Bitcoin-Denominated Hedge Fund, Xapo Bank to Add Funds
The fund, set for launch in September, will be available to corporates, businesses and professional investors
Updated Aug 30, 2024, 7:40 a.m. Published Aug 27, 2024, 11:01 a.m.
Hilbert Capital, the asset management arm of Swedish investment firm Hilbert Group (HILB), will manage a bitcoin -denominated hedge fund with an initial capital of $200 million. Crypto bank Xapo will contribute to the initial capital.
The fund, set to launch in September, will be available to corporates, businesses and professional investors, according to an announcement on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"We 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," Xapo Director Joey Garcia said.
The firms have not said specifically what the fund's fees will be, though did say they will be "at a lower level than other 2% and 20% hedge funds". This refers to a fee structure where the manager charges 2% as a management fee and 20% as a performance fee on the fund's upside.
The growth of bitcoin hedge funds could be seen as a barometer for increasing institutional adoption of crypto, as the investment class signals demand for sophisticated products beyond what can be offered to retail investors.
Read More: The Case for Crypto Index Funds
CORRECTION (Aug. 30, 07:35 UTC): Corrects headline and lede graf to clarify that Hilbert Capital is managing the fund.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
