Gumi and SBI Launch $18.3 Million Crypto Investment Fund

Japanese gaming giant Gumi and SBI Financial Services are launching a new crypto investment fund called the SBI Crypto Fund I.

The fund, which will be managed by gC Labs, a subsidiary of Gumi, has a total size of approximately $18.3 million and will be launched on August 1st.

The fund's main focus is to invest in Bitcoin and mainstream altcoins using various strategies such as staking, rebalancing, and hedging.

This new fund aims to serve as a bridge between the crypto asset market and Japanese enterprises, paving the way for future financial products like crypto ETFs.