Hong Kong digital asset management company Metalpha plans to raise a $100 million fund to provide domestic users with a legal channel for investing in Bitcoin

ChainCatcher news, according to Bloomberg, Hong Kong-based digital asset management service provider Metalpha plans to raise a $100 million fund to invest in Bitcoin and other cryptocurrency products from Grayscale Investments LLC, providing a regulated channel for Chinese investors interested in cryptocurrency.

Since March, it has raised $20 million for its new fund. Metalpha is supported by Singapore-based Antalpha, which has been collaborating with Chinese Bitcoin mining company Bitmain to provide low-interest loans to cryptocurrency miners. (Bloomberg)