Galaxy and Genesis execs launching $500M crypto fund | Crypto

Galaxy and Genesis execs launching $500M crypto fund

-A group of former Galaxy Digital and Genesis Trading execs are raising $500 million to launch a new crypto fund, according to an SEC filing.
-The filing for DBA Crypto Fund I LP lists Galaxy Digitals Michael Jordan, Genesis Tradings Joshua Lim and Roshun Patel, and quant trader Shane Barratt as general partners in the firm.
-Despite this years bear market and crypto contagion, LPs still seem bullish on the future of blockchain and are willing to give some investors another chance to get it right.
-The fund represents a new act for some of the traders caught up in the collapse of the Terra ecosystem and subsequent liquidation of Three Arrows Capital.

1661785856654 Galaxy and Genesis execs launching $500M crypto fund

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