Further and 3iQ jointly launched a $100 million hedge fund to achieve compound growth in returns through Bitcoin

According to market news, UAE-based digital asset management company Further Asset Management has partnered with Canadian cryptocurrency investment firm 3iQ to launch a hedge fund called "Further x 3iQ Alpha Digital Fund" with a scale of $100 million. The fund is primarily aimed at institutional investors seeking structured exposure to cryptocurrency investments, which includes a share class denominated in Bitcoin that will directly reinvest earnings into Bitcoin.

The Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy fund designed to provide risk-controlled investment exposure to the liquid cryptocurrency market within an institutional framework. The initial funding for the fund comes from institutional investors, family offices, and sovereign supporters.