Metalpha is looking to raise $100 million for the Next Generation Fund I, which it has formed in partnership with NextGen Digital Venture Limited. As of the end of March, Metalpha has raised $20 million towards that goal. The fund invests in Grayscale products through structured derivatives, granting access to mainstays of digital asset portfolios in a way that is compliant with U.S. and Hong Kong laws.
Source: https://www.coindesk.com/business/2023/05/25/hong-kong-asset-manager-metalpha-secures-5m-from-bitmain-for-grayscale-based-fund/?utm_medium=referral&utm_source=rss&utm_campaign=headlines