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Today in crypto, Galaxy Digital has raised $175 million for its first externally backed venture fund, targeting early-stage crypto startups. Invesco became the ninth bidder for a spot Solana exchange-traded fund (ETF), and crypto could soon be assessed for certain home loans in the US.
Galaxy Digital has closed a $175 million venture fund, its first with outside capital, as the company ramps up plans to invest in early-stage crypto startups.
The fund, which exceeded its $150 million target, marks the first time Galaxy has accepted outside capital. Until now, the company had relied solely on its own balance sheet for venture investments, according to a Thursday press release.
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