Xapo Bank and Hilbert Capital Launch $200 Million Bitcoin-Denominated Hedge Fund

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Xapo Bank and Hilbert Capital are set to launch a $200 million Bitcoin-denominated hedge fund in September.

The fund will target corporate entities, businesses, and professional investors, providing them with an opportunity to gain exposure to Bitcoin, the firm said in an announcement on Tuesday.

“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.

“Having the fund operated with the right level of investment experience, security and operational integrity is fundamental and we see Hilbert as a key partner in that offering.”

The firms have not disclosed specific fee details but indicated that the fees will be lower than the standard 2% management and 20% performance fees typically seen in hedge funds.

The creation of this fund highlights the growing institutional interest in Bitcoin, offering more sophisticated investment products beyond those available to retail investors.

As Board Director and Investor of @HilbertCapital I am delighted to share the below news from @HilbertCapital and @xapobankapp.

This cements @HilbertCapital 's position as one of the longest running and largest crypto hedge funds in Europe. Congrats to all involved. $HILB.B… https://t.co/inCjMSUywK pic.twitter.com/HzjCY7594Y

“Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will