ChainCatcher news, according to Coindesk, cryptocurrency bank Xapo and the asset management division of Swedish investment company Hilbert Group, Hilbert Capital, announced plans to jointly manage a Bitcoin-denominated hedge fund with an initial capital of $200 million. The fund is expected to launch in September and will be open to corporations, commercial institutions, and professional investors.Xapo director Joey Garcia stated that providing participants with products that not only offer exposure to Bitcoin prices but also enhance the value of Bitcoin investments in a structured way is a natural evolution for this asset class. The specific fee structure of the fund has not been disclosed, but both companies indicated it would be below the traditional "2 and 20" model of hedge funds.