Exclusive: Syz Capital to raise more than $200 million (2,000 Bitcoin) for its fund of crypto hedge funds. The Syz Capital BTC Alpha fund, which was launched in March and has been closed to external capital since April, will reopen on 1 October. Richard Byworth, Managing Partner at Syz Capital, said that the fund has already received commitments of around 1,800 Bitcoin. “The fund’s backers include single family offices, multi-family offices, high-net-worth individuals, corporate treasuries and crypto foundations,” Byworth said. Institutional interest in crypto hedge funds has increased significantly. Last year, Hilbert Group partnered with Xapo Bank to launch a bitcoin yield hedge fund. A former Deutsche Bank and Jefferies trader, Tian Zeng is launching his crypto hedge fund Third Eye on 1 August. Full story: https://lnkd.in/gbkjctPr
Strong signal that institutional conviction in crypto is maturing. Not just hype — real capital, structured vehicles, and experienced operators stepping in. October will be one to watch.
Love to see the institutional adoption!
This is just another great example of the acceleration and adoption of capital with crypto. Just as Peter Diamandis wrote, the future of blockchain is faster than we think.
Eager to know more
Marketing Lead @ Relai | Bitcoiner since 2017
3moCongratulations Richard Byworth