Mike Novogratz's Crypto merchant bank Galaxy Digital to roll out a suite of Ethereum funds
Mike Novogratz’s crypto merchant bank Galaxy Digital has given Ether the vote of confidence that 2021 is the year the second-largest cryptocurrency will come out of bitcoin’s shadow and become an attractive investment option for institutional investors.
According to a notice sent to Galaxy’s clients, the merchant bank is planning to launch a suite of Ethereum products in mid-February. The plans for the family of Ethereum-focused-funds is a clear indication that Galaxy is bullish on Ethereum.
“The Galaxy Ethereum Fund (the “Fund”) is a private fund designed to provide institutional-quality exposure to ETH.”
The Galaxy Ethereum fund will not deviate much from similar products in the industry as it aims to give institutional clients exposure to Ether without the need to go through the challenges of buying and storing the digital asset.
“The Fund seeks 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,” reads the document.
Per the document, the fund’s pricing will “be based on the Bloomberg Galaxy Ethereum Index, a pricing source administered and calculated by Bloomberg.”
Galaxy’s view on Ethereum
Galaxy considers smart contracts - small programs that are executed when pre-defined conditions are met - to be a game-changer that enhance the functionality of blockchains. They have created the “backbone of a new internet and is protocols,” says Galaxy.
The merchant bank noted that after only five years of its launch, Ethereum has facilitated ecosystems worth billions of dollars.
Galaxy’s timing is in sync with what is happening in the market. The CME Ether futures is expected to go live on Feb. 7. The futures products of both CME and Galaxy provide a clear sign that institutional appetite for Ether is growing.
Galaxy Digital could not leave behind decentralized finance (DeFi) in its document and highlighted that six applications in the space “are now worth more than $1bn and are generating up to $100s of millions in annualized revenue.”
Ether is currently trading at $1,382, a drop of 6% from its all-time high of $1,467 reached on Jan. 25, CoinMarketCap data.
Novogratz bought half a million Ether from Buterin in 2015 at a price of $0.99 each.
Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
24/7 access to experts with 50+ years’ experience Terms
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
