Hong Kong-based crypto asset supervisor MaiCapital has launched a brand new actively managed bitcoin hedge fund for skilled traders.
The “Bitcoin+ Investment Fund” is a quant fund, and goals to trace and probably outperform bitcoin’s efficiency in numerous market situations by making use of quantitative algorithms.
The fund would put money into a variety of bitcoin-related avenues, together with bitcoin, bitcoin derivatives, and different structured merchandise. Its custody companion is the Asian digital asset platform OSL.
That is MaiCapital’s second quant-based crypto hedge fund. The agency, regulated by Hong Kong’s Securities and Futures Fee, already provides the “Blockchain Alternative Fund” since March 2019.
Hong Kong is seeing an rising variety of bitcoin funds. Final month, Arrano Capital launched a bitcoin fund with BitGo because the custody companion.
Notably, PwC’s world crypto chief Henri Arslanian stated earlier this month that he expects the crypto hedge fund trade to develop “considerably” over the approaching years as investing in a crypto fund may be the best approach for institutional traders to get within the area.
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