Hedge Fund Behind One River Digital to Invest Part of $5.6B Fund in Crypto: Report
Macro fund manager Brevan Howard plans to invest up to 1.5% of its main fund in cryptocurrencies, according to a story in Bloomberg.
Bitcoin shorts are unwinding positions into the month’s close. Traders watching for signs of capitulation.
That asset allocation equates to about $312 billion across the sector.
The hedge-fund company nevertheless trades crypto, using quantitative analysis to sniff out price anomalies that can prove profitable.
BlockTower CEO Matt Goetz said the deal will help attract institutional investment – even in a bear market.
DeFi is booming and institutions are edging towards it, trying to figure out how to get a slice of the alpha.