Galaxy Digital, the crypto company of Bitcoin supporter Mike Novogratz, announced in a statement that it will launch a crypto investment fund for the blockchain of Solana, the cryptocurrency whose value has skyrocketed this year.
The company announced that the fund called “Galaxy Solana Funds” targets institutional clients and frees institutional investors from the complexity of investing directly in digital assets.
In this context, it was stated that the Galaxy Solana fund was created to provide institutional investors access to Solana’s performance-based returns through simpler and safer tools.
Galaxy Digital and Bloomberg created the “Bloomberg Galaxy Solana Index” in the past months and laid the groundwork for the “Galaxy Solana Funds” mutual fund they announced today. Because the companies said that the fund will follow the performance of the “Bloomberg Galaxy Solana Index”.
Steve Kurz, head of wealth management at Galaxy Digital, said of the Solana mutual fund:
“The cryptocurrency economy is on an exciting growth trajectory, and we are presenting this opportunity by thoughtfully expanding our product suite to provide access to the enterprise-grade portion of the digital asset class.
Also, Solana has a compelling use case, a strong technological foundation, and growing interest from crypto investors.”
In the statement, the minimum amount to be made to the Galaxy Solana fund was determined as $ 25,000. It was also stated that the investments made will be kept on the cryptocurrency exchange Coinbase.
*Not investment advice.