Blackstone, Tether Co-Founder Launch $1 Billion Crypto Fund – Coincu

Blackstone’s former executive and Tether’s co-founder aim to form a $1 billion crypto fund through SPAC M3-Brigade Acquisition V Corp., acquiring assets like Bitcoin and Ethereum.

The fund represents significant institutional engagement in cryptocurrencies, potentially increasing liquidity and mainstream acceptance.

Blackstone and Tether Co-Founder Forge $1B Crypto Investment

Collaborating to create a $1 billion crypto fund, the former Blackstone executive and Tether co-founder use M3-Brigade Acquisition V Corp. to target assets including Bitcoin, Ethereum, and Solana. No official statements confirm the fund details yet.

Market watchers predict notable capital inflows and increased asset demands as the fund proceeds. This aligns with trends of institutional adoption seen through similar past ventures.

As of the latest information available, there are no public quotes or statements from the key players involved in the $1 billion crypto fund initiative. Therefore, I cannot provide quotes in the specified format.

Crypto Market Awaits $1B Fund’s Regulatory Impact

Did you know? The use of SPACs for crypto investment aligns with historical precedents like Grayscale’s BTC trusts, emphasizing institutional interest escalation.

Bitcoin, currently priced at $107,829.93 with a market cap of $2.14 trillion, shows a 2.27% price rise over 24 hours, according to CoinMarketCap. Its trading volume decreased by 8.90%, reflecting mixed short-term sentiment shifts.

Coincu research suggests potential regulatory developments could emerge due to increased institutional involvement. Historical correlations hint at significant market movements as funds like this influence liquidity and asset distribution patterns.