Crypto brokerage platform Abra has opened Abra Capital Management (ACM), which it said is intended to give clients access to actively managed, structured products and investment funds.

ACM launched with plans for five funds, three of which will target yield-generating opportunities in stablecoins, bitcoin (BTC) and ether (ETH), and two others that will target early stage token and equity investments, the company said in a statement.
“As investor appetite for access to the emerging digital asset economy has skyrocketed, so has the demand for solutions that can help them diversify their exposure and invest in high-growth, yet relatively inaccessible, vehicles,” Abra founder and CEO Bill Barhydt said in a statement. “Most exchanges and crypto platforms are limited in the solutions they can offer.”
Marissa Kim, who recently joined ACM as a general partner, will lead the new business. She previously founded Quantum Global Management, an investment firm focused on thematic investments in the Web 3 space. Barhydt will serve as chief investment officer.
ACM’s funds require a minimum investment size of $250,000.
In September, Abra raised $55 million in Series C funding to develop new offerings geared toward high-net-worth and institutional clients.

Binance Exec's Wife Denies Extradition Report; Thailand Tightens Crypto Regulation

00:55

Bitcoin Transaction Fees Slide Significantly Post Halving

00:51

21Shares Exec on Consumer Facing Applications Powered by Blockchain

15:24

21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network

00:31

World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Consensus

36

04

49

26

Abra Targets High-Net-Worth Clients With New Asset Management Division

The newly formed Abra Capital Management will require a minimum investment of $250,000.

Binance Exec's Wife Denies Extradition Report; Thailand Tightens Crypto Regulation

10 Years of Decentralizing the Future

Binance Exec's Wife Denies Extradition Report; Thailand Tightens Crypto Regulation