Hong Kong asset management company Metalpha has raised $5 million from Bitmain for its Grayscale-based cryptocurrency investment fund

ChainCatcher news, according to a report by CoinDesk citing sources, Hong Kong asset management company Metalpha has raised $5 million from Bitmain for its Grayscale-based cryptocurrency investment fund Next Generation Fund I.

It is reported that Metalpha aims to raise $100 million for Next Generation Fund I, which was established in collaboration with NextGen Digital Venture Limited. As of the end of March, Metalpha has raised $20 million towards this goal. The fund invests in Grayscale products through structured derivatives, granting access to a digital asset portfolio pillar in a manner compliant with U.S. and Hong Kong laws. (Source link)