BlockTower Capital: Decides to close a "market-neutral" cryptocurrency fund and return funds to investors

2023-04-16 18:31:49

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ChainCatcher news, the Miami-based digital asset investment firm BlockTower Capital has shut down a "market-neutral" cryptocurrency fund that once managed over $100 million, aiming to generate returns regardless of price direction.

According to BlockTower CEO Matthew Goetz, the company decided to close the fund earlier this year and return the capital to investors. Since the collapse of FTX, several cryptocurrency funds have shut down, including Galois Capital, which was known for shorting Luna before the Luna Token crash.

It is reported that BlockTower was co-founded by Goetz and Paul in 2017, with investors including billionaire hedge fund manager Marc Lasry and former U.S. Commodity Futures Trading Commission chairman Christopher Giancarlo. (Source link)

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