Further Asset Management and 3iQ Corp. have joined forces to launch the Further x 3iQ Alpha Digital Fund, a $100 million market-neutral hedge fund focused on digital assets. This fund caters to institutional investors, family offices, and sovereign wealth funds, offering a secure and efficient gateway to the digital asset market.

A distinctive feature of this initiative is the Bitcoin share class, which allows subscriptions and compounded returns to be denominated in BTC. This provides investors with direct exposure to Bitcoin's potential upside while utilizing a hedge fund structure designed to mitigate downside risks. 3iQ Corp. is a Canadian investment fund manager with a focus on providing investors access to digital assets and blockchain technologies.

The fund aims to capitalize on the growing institutional interest in Bitcoin and other digital assets. By offering a market-neutral strategy, the fund seeks to generate returns regardless of the overall direction of the cryptocurrency market. This approach may appeal to investors seeking to diversify their portfolios with digital assets while managing volatility.

3iQ has a history of launching Bitcoin-related investment products. In 2020, their Bitcoin Fund, traded on the Toronto Stock Exchange (TSX:QBTC.U), surpassed $100 million in market capitalization. CEO of 3iQ, Fred Pye, stated that Canadian investors can trade the Bitcoin Fund in their native currency through locally dominated accounts. 3iQ also has a Bitcoin ETF (exchange traded fund). The 3iQ Bitcoin ETF was launched and managed by 3iQ Corp and invests in Bitcoin, seeking to track the daily price movements of the U.S. dollar price of bitcoin.

The Further x 3iQ Alpha Digital Fund represents a continued evolution in the accessibility and sophistication of digital asset investment vehicles. By combining Further Asset Management's expertise in hedge fund management with 3iQ's deep understanding of the cryptocurrency market, the fund seeks to provide investors with a unique opportunity to participate in the growth of the digital economy.