Cryptocurrency venture capital firm Hypersphere launches a $130 million liquidity fund
ChainCatcher news, Hypersphere Ventures has opened its $130 million liquidity fund to external investors, which will employ Wall Street-style strategies to generate returns from crypto assets.
The fund's staff comes from high-frequency trading firm Millennium and hedge fund Bridgewater. Hypersphere intends to adopt the multi-manager approach used by Millennium and Bridgewater to provide investors with niche trading strategies while maintaining low volatility.
In addition, Hypersphere will also raise a new venture fund to invest in early-stage crypto projects. The company plans to raise $75 million for this venture capital fund, with fundraising set to begin in the fall.
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