{"id":186984,"date":"2021-02-23T20:28:51","date_gmt":"2021-02-23T17:28:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/m31-capital-is-looking-to-launch-a-new-bitcoin-hedge-fund\/"},"modified":"2021-02-23T20:28:51","modified_gmt":"2021-02-23T17:28:51","slug":"m31-capital-is-looking-to-launch-a-new-bitcoin-hedge-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/m31-capital-is-looking-to-launch-a-new-bitcoin-hedge-fund\/","title":{"rendered":"# M31 Capital is looking to launch a new Bitcoin hedge fund"},"content":{"rendered":"

“# M31 Capital is looking to launch a new Bitcoin hedge fund <\/strong>”
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M31 Capital, a New York-based global investment firm, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to launch a new Bitcoin (BTC) hedge fund.\u00a0<\/p>\n

The proposed fund, dubbed M31 Capital Bitcoin Access Fund, is a limited partnership hedge fund based in Delaware, according to a Form D SEC filing submitted<\/a> on Tuesday. The minimum investment from any outside investor has been set at $10,000. Details about the fund\u2019s structure were not disclosed. <\/p>\n

M31 Capital is focused exclusively on cryptocurrencies and blockchain technology<\/a>. The company also operates M31 Ventures, whose investment thesis is based on uncovering new business opportunities within the emerging blockchain ecosystem. <\/p>\n

Crypto hedge funds represent a tiny fraction of the overall market for digital assets. In 2020, PwC estimated<\/a> that crypto hedge funds had more than $2 billion in assets under management, having more than doubled from the previous year. <\/p>\n

M31 Capital\u2019s potential foray into cryptocurrency is hardly surprising given that its co-founder Nathan Montone has been trading Bitcoin since 2011. Last year, Montone told Cointelegraph that more institutional investors were looking into Bitcoin as a fixed-cap, scarce asset. Much of that newfound interest stemmed from the U.S. federal government\u2019s post-pandemic recovery program, which included trillions in freshly printed stimulus dollars. <\/p>\n

Institutional interest in digital assets soared in 2020, with fund managers like Grayscale and Bitwise attracting large capital inflows. As Cointelegraph reported Tuesday, Bitwise\u2019s assets under management have eclipsed $1 billion, having more than doubled in the span of two months. As of Monday, Grayscale\u2019s assets totaled<\/a> $42 billion. <\/p>\n