BlockTower Capital Announces Closure of Market Neutral Cryptocurrency Fund
According to reports, BlockTower Capital, a digital asset investment company headquartered in Miami, announced the closure of its \”market neutral\” cryptocurrenc
According to reports, BlockTower Capital, a digital asset investment company headquartered in Miami, announced the closure of its “market neutral” cryptocurrency fund, which once managed over $100 million in funds. Matthew Goetz, CEO of BlockTower Capital, stated that the venture capital company had already made a decision to close the fund in early 2023 and would return the funds to relevant investors, seeking other investment strategies such as “Real World Assets (RWAs)” in the future.
BlockTower Capital: Will close “market neutral” crypto funds and return funds to investors
BlockTower Capital, a leading digital asset investment company based in Miami, recently made an announcement regarding the closure of its cryptocurrency fund. With over $100 million in assets, the market-neutral fund was designed to provide investors with a way to invest in cryptocurrency without having to speculate on its price movements.
The decision to close the fund came from CEO Matthew Goetz, who stated that the company had already made the decision in early 2023. With the closure of the investment product, the company will return the funds to relevant investors and shift focus to new investment strategies, including “Real World Assets (RWAs).”
How Does a Market Neutral Fund Work?
Before diving into the reasons behind the move, it’s important to understand how market-neutral funds work. These types of funds are designed to minimize exposure to market risks by investing in both long and short positions, ensuring that the overall portfolio remains relatively stable in the face of changing market conditions.
In the case of BlockTower’s cryptocurrency fund, the goal was to provide investors with a way to invest in digital assets without being heavily influenced by the volatility of cryptocurrency prices. The fund aimed to generate returns by taking advantage of market inefficiencies and price discrepancies between different assets.
Why Did BlockTower Capital Decide to Shut Down the Fund?
While the closure of the fund may come as a surprise to some investors, CEO Matthew Goetz explained that the decision was made to ensure long-term sustainability for the company. By moving away from the market-neutral strategy and into new areas of investment, BlockTower Capital can adapt to changing market conditions and continue to provide value to its clients.
Goetz also noted that the decision to close the fund was not related to any specific performance issues or market events. Rather, it was a strategic decision made by the company’s leadership team to shift focus to new opportunities in the digital asset space.
What Are Real World Assets (RWAs)?
As mentioned earlier, BlockTower Capital plans to focus on new investment strategies post the fund closure, with a particular focus on “Real World Assets (RWAs).” RWAs refer to tangible assets such as real estate, infrastructure, and commodities that have an inherent value, as opposed to digital assets like cryptocurrencies.
While the specifics of BlockTower’s approach to RWAs are not yet clear, it’s evident that the company believes in the potential for these assets to provide long-term value to investors. By shifting focus to a more traditional mode of investment, BlockTower Capital aims to position itself for long-term success and growth.
Conclusion
The closure of BlockTower Capital’s market-neutral cryptocurrency fund is a significant development in the digital asset investment industry. While some investors may be disappointed by the move, the company’s leadership team has made it clear that it’s a strategic decision designed to position the company for long-term success.
By focusing on new investment strategies and moving away from the market-neutral approach, BlockTower Capital aims to provide value to investors through a more stable and sustainable model. The move may represent a new trend in the industry, with more digital asset investment companies exploring new investment strategies outside of cryptocurrencies.
FAQs
**Q. When will BlockTower Capital close the cryptocurrency fund?**
BlockTower Capital has already made the decision to close the cryptocurrency fund in early 2023.
**Q. Will BlockTower Capital be returning the funds to investors after the closure of the fund?**
Yes, BlockTower Capital will return the funds to relevant investors after the closure of the cryptocurrency fund.
**Q. What are Real World Assets (RWAs)?**
Real World Assets (RWAs) are tangible assets such as real estate, infrastructure, and commodities that have an inherent value, as opposed to digital assets like cryptocurrencies.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/16/blocktower-capital-announces-closure-of-market-neutral-cryptocurrency-fund/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What are the media outlets in the coin circle (the job of the coin circle)
What are the media in the coin circle? According to the development status of the industry, some media in the coin circle currently include financial (including financial and securities), economic (including financial), and entertainment. These contents mainly focus on reporting and promoting digital currencies and encrypted digital assets, publishing relevant information on some platforms, but there are also companies or institutions specialized in advertising in this field that provide services. Although the media in these industries have their own unique characteristics and positioning, there are many media in the coin circle that can be used as references, such as “Daily Economic News”, “Capital Market”, “China Wealth”, and so on Work in the Coin CircleCoin Circle is an industry full of opportunities. People working in this field are often more active, and these people start to think about this question from the beginning of their work: what do they do in exchanges or wallets? Many people actually ask, what’s going on…
-
Independent Contracts Surge on Solana Network
According to statistics from Artemis, the number of independent contracts deployed on the Solana network has recently increased, reaching the highest level for
-
#Table of Contents
According to reports, EU lawmakers are scheduled to ban voting on the transfer of large encrypted assets from anonymous self hosted wallets on March 28th local
-
Musk: suing Microsoft, AI was trained based on Twitter data
According to reports, Microsoft has been threatened with a lawsuit from Musk, claiming that the large technology company illegally trained its artificial intelligence on Twitter da
-
What is DFD Coin? (How is this coin, df?)
What is DFD Coin? DFD Coin is a blockchain-based distributed ledger. It utilize
-
What channel is HECO for usdt (usdt heco)
What channel is HECO for USDT? How does USDT trade tokens? What channel is HECO for USDT Heco is a decentralized cross chain protocol that supports assets on Ethereum, BSC, and Heco. It allows anyone to participate in decentralized finance (DeFi) without worrying about network latency or cost issues In order to solve this problem, various tools can be developed on Ethereum. For example, Bitcoin can be used in Ethereum to pay gas fees, or other projects in Poka Ecology can be used to realize functions such as lending. At present, except BTC, other public chains can issue Stablecoin USDT through H series assets usdt hecousdt (Heco) is a decentralized Stablecoin protocol, composed of multiple independent entities. After saving USDT, users can receive hcrv tokens as rewards. Through this process, interest and liquidity can be earned. When a user deposits into USDT, the system will automatically allocate funds to the corresponding wallet address for easy redemption without any fees; Once…
-
Coin Exchange’s Bitcoin Wallet Balance Marks a New High
On February 27th, according to the data of coinglass, 11918.3 BTC has flowed into the Bitcoin wallet of the Coin Exchange in the past 30 days. Up to now, the b…
-
Blockade of Telegram in Brazil: What It Means for Users and Internet Freedom
According to reports, a federal judge in Brazil has ordered a temporary blockade of Telegram, citing its failure to provide information related to pro Nazi grou
-
What Does bmw币 Mean (bmw Money Women)
What does bmw币 mean? In the meaning of bmw币, the English name is BMR (Bitcoin),
-
Oi OKX: The Establishment of a Hong Kong Entity for Virtual Asset Services
It is reported that Oi OKX has announced the establishment of a Hong Kong entity to launch virtual asset services in Hong Kong, and plans to apply for a virtual