Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund
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 fund, according to a press release on Aug. 27. 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. “Over 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,” Niclas Sandström, CEO of Hilbert Group, said. He added, “Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year. Fund to offer exposure to Bitcoin The n...