⚡️ Top executives from Galaxy Digital and Genesis Trading will launch a $500 million crypto fund

According to Securities and Exchange Commission (SEC) documents, former executives from crypto investment and trading companies Galaxy Digital and Genesis Trading plan to raise $500 million for a new crypto fund called DBA Crypto. The initial sale of the fund's stakes has not yet taken place.

In addition, Genesis Trading lent $2.36 billion to bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC).

Galaxy Digital also worked with 3AC and reported a loss of $554 million in its recent quarterly report.