Summary
- Sygnum said its Bitcoin (BTC) fund posted an 8.9% return in the fourth quarter of last year.
- The Bitcoin Alpha Fund reportedly raised capital worth more than 750 bitcoins in about four months after launch.
- Sygnum said the fund is designed to generate steady returns even as Bitcoin’s price fell 25%, using market-neutral, leverage-based carry trade, and cross-exchange arbitrage strategies.
A Bitcoin (BTC) fund managed by Swiss-based crypto bank Sygnum delivered a return of about 9% in the fourth quarter of last year.
According to Cointelegraph on the 29th (local time), Sygnum said its “Starboard Sygnum BTC Alpha Fund” recorded an 8.9% return in Q4 last year. The Bitcoin Alpha Fund is a market-neutral fund Sygnum launched in October last year. Cointelegraph reported that “(the fund) attracted more than 750 bitcoins’ worth of capital from institutional investors and others in roughly four months after launch,” adding that it “shows rising institutional demand for crypto investment strategies.”
Notably, Bitcoin’s price fell about 25% after Sygnum launched the fund. Sygnum said the fund was designed to generate steady returns while maintaining exposure to Bitcoin. Markus Hammerl, head of portfolio management at Sygnum, explained that “the key strategies driving performance were leverage-based carry trades and cross-exchange arbitrage,” adding that “the Q4 results show professional management can deliver meaningful outcomes even when the spot market is flat or falling.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
