Hong Kong digital asset management company Metalpha plans to raise a $100 million fund to provide domestic users with a legal channel for investing in Bitcoin

2023-04-12 09:36:02

Collection

ChainCatcher news, according to Bloomberg, Hong Kong-based digital asset management service provider Metalpha plans to raise a $100 million fund to invest in Bitcoin and other cryptocurrency products from Grayscale Investments LLC, providing a regulated channel for Chinese investors interested in cryptocurrency.

Since March, it has raised $20 million for its new fund. Metalpha is supported by Singapore-based Antalpha, which has been collaborating with Chinese Bitcoin mining company Bitmain to provide low-interest loans to cryptocurrency miners. (Bloomberg)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.