Insider: Hong Kong asset management firm Metalpha has raised $5 million from Bitmain for its Grayscale-based fund.
Hong Kong's Metalpha raised $5M from Bitmain for its Grayscale-based fund.
According to sources cited by CoinDesk, Hong Kong-based asset management company Metalpha has raised $5 million from Bitmain for its Grayscale-based fund. Metalpha is reportedly seeking to raise $100 million for its Next Generation Fund I, which was established in partnership with NextGen Digital Venture Limited. The fund invests in Grayscale products through structured derivative products, granting access to digital asset investment portfolios in compliance with US and Hong Kong laws. As of the end of March, Metalpha had raised $20 million for the fund.