Cryptocurrency venture capital firm Hypersphere launches a $130 million liquidity fund

ChainCatcher news, Hypersphere Ventures has opened its $130 million liquidity fund to external investors, which will employ Wall Street-style strategies to generate returns from crypto assets.

The fund's staff comes from high-frequency trading firm Millennium and hedge fund Bridgewater. Hypersphere intends to adopt the multi-manager approach used by Millennium and Bridgewater to provide investors with niche trading strategies while maintaining low volatility.

In addition, Hypersphere will also raise a new venture fund to invest in early-stage crypto projects. The company plans to raise $75 million for this venture capital fund, with fundraising set to begin in the fall.