Xapo Bank and Hilbert Group have joined forces to introduce a Bitcoin (BTC)-denominated hedge fund, as per a press release on Aug. 27. The collaboration will involve Hilbert Group's asset management arm, Hilbert Capital, with an initial investment exceeding $200 million from Xapo and other investors. CEO Niclas Sandström expressed confidence in the partnership with Xapo Bank, a prominent player in the Bitcoin and digital asset sectors. The BTC-denominated hedge fund, set to debut in September, will cater to corporates, businesses, and professional investors seeking exposure to Bitcoin. It will provide institutional-grade credit arrangements not typically available through direct market participation, with lower fees compared to Hilbert's other hedge funds. Xapo Bank's director, Joey Garcia, emphasized the fund's role in offering structured growth opportunities for Bitcoin investments. Hilbert Group, established in 2018, specializes in asset management and investments in blockchain and crypto projects, while Xapo is known as the first Bitcoin-enabled bank bridging fiat and crypto in the UK. Read more AI-generated news on: https://app.chaingpt.org/news