Crypto exchange and custodian Gemini has launched a new dedicated service for fund managers, including bitcoin exchange-traded fund (ETF) providers.
The service, dubbed Gemini Fund Solutions, provides wealth managers with trade execution, clearing, custody, and other capital market services tailored to their needs on a single platform.
“There are a multitude of crypto funds coming to the global markets by a variety of methods, massively expanding the number of institutions bringing crypto products to their investors,” said Gemini’s global head of business Dave Abner. “Offering them an all-in-one solution is a way to help issuers to support this rapidly-growing trend.”
Two Canadian bitcoin ETF providers, Purpose Investments and Evolve Funds Group are two existing Gemini Fund Solutions clients, among others. Their bitcoin ETFs, launched recently, cumulatively manage more than $500 million worth of assets.
Some other Gemini Fund Solutions clients include Canadian crypto fund managers 3iQ, CI Global Asset Management, Galaxy, and Ninepoint Partners. They cumulatively manage around $2 billion worth of assets in bitcoin and ether, said Gemini.
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Source: https://www.theblockcrypto.com/linked/97097/gemini-fund-solutions-crypto-managers-bitcoin-etf-providers?utm_source=rss&utm_medium=rss
