Sygnum’s new bitcoin fund pulls in $65 million from investors looking for steady yield
Sygnum Bank and Starboard Digital raised over $65 million for their BTC Alpha Fund targeting 8-10% annual returns.Summary
Swiss digital asset bank Sygnum Bank, in partnership with Starboard Digital, has raised over 750 BTC, valued at more than $65 million, for its BTC Alpha Fund. This Cayman Islands-domiciled fund is designed to generate yield on its bitcoin holdings without relying on price appreciation, targeting 8-10% annual BTC-denominated returns.
The fund achieves this by employing systematic arbitrage strategies, capturing price differences between spot and derivative markets to produce steady returns regardless of general market conditions. In its first full quarter since launching in October, the fund delivered an 8.9% annualized net return.
According to Sygnum's head of portfolio management, Markus Hämmerli, the strong early inflows indicate growing institutional demand for bitcoin strategies that offer income generation alongside long-term exposure. The fund is available to professional investors in jurisdictions like Switzerland and Singapore, and shares are eligible as collateral for Lombard loans through Sygnum.
(Source：CoinDesk)