United Arab Emirates-based digital asset manager Further Asset Management has teamed up with Canadian crypto investment firm 3iQ to launch a $100 million hedge fund aimed at institutional investors seeking structured exposure to cryptocurrencies. The fund includes a Bitcoin-denominated share class that reinvests gains directly into BTC.
According to a Wednesday announcement, the Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy vehicle designed to provide risk-managed exposure to liquid crypto markets under an institutional framework. The fund was initially seeded with capital from institutional investors, family offices, and sovereign backers.
“We’re providing institutional-grade, risk-managed, and scalable access to digital assets, including Bitcoin, within a structure that has successfully passed the rigorous institutional due diligence of leading global capital allocators,” said Faisal Al Hammadi, managing partner at Further.
3iQ President and CEO Pascal St-Jean added that the fund’s structure enables investors to “confidently pursue double-digit potential returns.”
Bitcoin-Denominated Share Class
A standout feature of the fund is its dedicated Bitcoin share class, which allows qualifying investors to subscribe in BTC and receive returns in the same denomination. This class was anchored by a large in-kind contribution from an Abu Dhabi-based family office, providing participants with exposure designed to steadily grow Bitcoin holdings while maintaining long-term exposure to the asset.
Founded in 2012, 3iQ specializes in regulated products and services for institutional and professional investors seeking digital asset exposure within traditional compliance frameworks. The firm has been expanding its institutional crypto offerings through infrastructure such as its Digital Assets Managed Account Platform.
Meanwhile, Further operates as a UAE-based investment platform offering regulated opportunities across venture capital, structured products, and digital assets.
Rising Demand for Crypto Yield Products
The launch of the Further x 3iQ Alpha Digital Fund comes amid growing institutional interest in crypto investment strategies. In April, Coinbase announced plans for its Bitcoin Yield Fund, providing institutional investors outside the U.S. with a way to earn returns on Bitcoin holdings. The Coinbase product targets a net annual yield of 4–8% and has drawn backing from investors including Abu Dhabi–based Aspen Digital, regulated by the Financial Services Regulatory Authority.
