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Metalpha Secures $5M from Bitcoin Rig Manufacturer Bitmain for Grayscale-Based Fund

May 25, 2023
in Crypto Updates
Reading Time: 1 min read
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Metalpha is seeking to elevate $100 million for the Subsequent Technology Fund I, which it has fashioned in partnership with NextGen Digital Enterprise Restricted. As of the top of March, Metalpha has raised $20 million in the direction of that purpose. The fund invests in Grayscale merchandise by means of structured derivatives, granting entry to mainstays of digital asset portfolios in a means that’s compliant with U.S. and Hong Kong legal guidelines.

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