Hilbert Group and Xapo Bank have announced a strategic partnership to launch a Bitcoin-denominated hedge fund, with an initial investment exceeding $200 million. The fund is set to debut in September 2024 and aims to capitalize on the growing trend of institutional adoption of cryptocurrency. This collaboration reflects a significant move in the financial sector, as more funds are considering Bitcoin-denominated share classes for their investment strategies. Hilbert Group, listed on the Stockholm Stock Exchange, is known for its asset management division, which is now venturing into the cryptocurrency space alongside Xapo Bank.