Further and 3iQ Launch $100M Hedge Fund Targeting Bitcoin

On December 3rd, UAE-based Further Asset Management and Canada’s 3iQ launched the $100 million Further x 3iQ Alpha Digital Fund targeting institutional cryptocurrency investments.

This fund signifies a growing trend of institutional interest in digital assets, potentially increasing Bitcoin’s market liquidity and enhancing structured investment options for major cryptocurrencies.

Further and 3iQ Launch $100M Fund with Bitcoin Focus

Further Asset Management and 3iQ Corp have established a $100 million hedge fund, “Further x 3iQ Alpha Digital Fund”, with an emphasis on institutional investors. This market-neutral fund is designed to offer structured cryptocurrency exposure with a focus on Bitcoin.

The fund introduces a Bitcoin-denominated share class that reinvests directly into Bitcoin. It aims to create a bridge for institutional players, offering liquidity and stable risk exposure to the demanding crypto asset market. Initial capital comes from esteemed investors, including family offices and sovereign advocates.

Faisal Al Hammadi, Managing Partner at Further, stated, “This partnership with 3iQ reflects our conviction that digital assets are becoming a permanent allocation in institutional portfolios… lowering barriers to entry while upholding the highest standards of governance, transparency, and security.”

Bitcoin Hits $92,963, Fund Could Spur Market Liquidity

Did you know? After similar fund launches, institutional inflows typically increase by over 10% within six months, along with notable liquidity boosts in Bitcoin markets.

Bitcoin (BTC) is trading at $92,963.03 with a market cap of $1.86 trillion, according to CoinMarketCap. The cryptocurrency holds a 59.03% market dominance. In the last 24 hours, $85.99 billion BTC has been traded, marking a 19.86% increase in volume.

Insights from the Coincu research team suggest that the introduction of the fund could lead to increased liquidity in the Bitcoin market. Institutional-grade custody and transparency mechanisms are expected to attract further investments and stabilize market volatility.