Further Asset Management, a digital asset management company based in the UAE, has partnered with Canadian cryptocurrency investment firm 3iQ to launch a $100 million hedge fund aimed at institutional investors seeking structured cryptocurrency exposure, including a Bitcoin-denominated share class that reinvests returns directly into BTC.
According to a Wednesday announcement, the Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy vehicle designed to provide risk-managed exposure to the liquid cryptocurrency market within an institutional framework. The fund has received seed funding from institutional investors, family offices, and sovereign backers.
"We provide institutional-grade, risk-managed, and scalable access to digital assets (including Bitcoin) within a structure that has successfully passed rigorous institutional due diligence by leading global capital allocators," said Faisal Al Hammadi, Managing Partner at Further.
Pascal St-Jean, President and CEO of 3iQ, stated that the fund's structure allows investors to "confidently pursue double-digit potential returns."
One of the key features of the fund is its dedicated Bitcoin (BTC) share class, which allows qualified investors to subscribe in BTC and receive returns denominated in the same currency.
This share class is supported by a significant physical contribution from an unnamed family office in Abu Dhabi, providing participants with an investment opportunity aimed at steadily increasing Bitcoin holdings while maintaining long-term exposure to the asset.
Founded in 2012, 3iQ focuses on regulated products and services tailored for institutional and professional investors seeking digital asset exposure within traditional compliance frameworks. The company has been expanding its institutional cryptocurrency offerings through infrastructure, including its digital asset management account platform.
Further operates as an investment platform based in the UAE, offering regulated opportunities across venture capital, structured products, and digital assets.
As the new Further x 3iQ Alpha Digital Fund launches, an increasing number of participants are providing investors with access to the cryptocurrency market. In April, Coinbase announced plans to launch the Coinbase Bitcoin Yield Fund, offering a way for institutional investors outside the U.S. to earn returns from Bitcoin holdings.
The product targets a net annual return of 4% to 8%, aiming to meet the growing demand from professional investors for revenue-generating cryptocurrency strategies. The fund has attracted support from several investors, including Aspen Digital, which is based in Abu Dhabi and regulated by the Financial Services Regulatory Authority.
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Original: “Further and 3iQ Launch $100 Million Fund for Compounding Returns in Bitcoin (BTC)”
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