The internet is broken
Apps and data are bundled
Tech conglomerates manage centralized silos of data that mine, sell, monopolize, and potentially abuse user data and access. Bundling applications and data also lands Big Tech between a rock and a hard place, forcing tech conglomerates to be both moderators and curators for content on the internet.
Centralization and security issues
Centralization allows for a single point of failure and creates a clear target for hackers. Consider, for example, the recent hacks into Equifax and Target.
Closed applications do not incentivize open-source development and hinder natural market competition. The next iteration of the internet is a collection of open, public APIs. Open-source code allows users to compose modular programs to create a superset of functionality.
Ethereum is the answer
The universal state
Position a “state layer” on the Web in the hands of users, rather than corporate silos.
Blockchain validators collect, verify, and secure data and web-based interactions.
Conceptually, a single Web-based layer of trust.
No single point of failure.
Users own their data and can monetize at discretion.
Open systems encourage innovation.
Ethereum usage is on the rise
Please contact us for the most up-to-date market data.
Not a live feed.
Unique address growth
Apps built on Ethereum
Ethereum’s general programmability moves beyond the simple sending of value – we can embed logic around the digitized value.
Annualized revenue of protocols vs. select recently-public tech companies (30D vs. quarterly annualized)
Source: Galaxy Digital Research as of April, 30 2021
Galaxy Ethereum Funds
The Galaxy Ethereum Funds (the “Funds”) are private funds designed to provide institutional-quality exposure to Ether. The Funds invest directly in Ether and are priced based on the Bloomberg Galaxy Ethereum Index (“ETH”), a pricing source administered and calculated by Bloomberg. The Funds seek to mitigate the complexities of investing in digital assets by providing investors with outsourced trading, operations, finance, and custody/digital asset private key protection services.
Direct institutional-quality exposure
The Galaxy Ethereum Funds (the “Funds”) are a private funds designed to provide institutional-quality exposure to ETH.
Execution and pricing transparency
The Funds invest directly in Ether and prices are based on the Bloomberg Galaxy Ethereum Index, an ETH pricing source administered and calculated by Bloomberg.
We maintain relationships across numerous exchanges and OTC counterparties.
We partner with Fidelity Digital Assets.
We provide familiar reporting: audited financial statements, tax reporting (e.g., K1, PFIC), periodic NAV reporting, etc.