Sygnum Bank and Starboard Digital raise over $65 million for BTC Alpha Fund, which posted an 8.9% return in its first quarter through systematic arbitrage strategies.
Sygnum Bank and Starboard Digital raised over 750 bitcoin (worth $65 million) for the BTC Alpha Fund, a market-neutral investment vehicle. The fund delivered an 8.9% annualized net return in its first quarter, with a target of 8-10% annual returns through systematic arbitrage strategies. It offers shares eligible as collateral for Lombard loans via Sygnum, allowing investors to unlock liquidity without selling bitcoin holdings. The fund has generated significant institutional interest, reflecting growing demand for bitcoin-based yield strategies.