Further Asset Management and 3iQ Corp. have unveiled the Further and 3iQ Alpha Digital Fund, a new hedge fund with $100 million in seed capital, targeting institutional investors such as family offices, sovereign wealth funds, and other large allocators.
The fund is structured as a market‑neutral, multi‑strategy vehicle, designed to provide risk‑managed exposure to liquid digital assets under an institutional framework.
A key feature is a dedicated Bitcoin (BTC) share class, allowing investors to subscribe in BTC, with returns compounded and paid in Bitcoin. This enables investors to grow their Bitcoin holdings while maintaining long exposure to the asset. The BTC share class was initially funded through an in‑kind contribution from an Abu Dhabi-based family office.
Executives behind the fund emphasize that it addresses major challenges institutional investors face in accessing crypto markets securely and compliantly. Faisal Al Hammadi, Managing Partner at Further, noted the fund offers “institutional‑grade, risk‑managed and scalable access to digital assets, including Bitcoin.” Pascal St-Jean, President and CEO of 3iQ, added that the fund enables investors to “confidently pursue double-digit potential returns.”
The fund’s market‑neutral approach allows for potential returns regardless of broad crypto market movements, appealing to risk-conscious institutions. Its BTC-denominated, compounding share class provides a novel way for long-term Bitcoin holders to earn yield without exiting their positions. The $100 million seed, sourced from institutional, family-office, and sovereign investors, signals growing confidence in structured crypto investment vehicles.
This launch highlights the maturing of crypto finance infrastructure and the increasing demand from institutions for regulated, risk-aware investment options. The Further and 3iQ Alpha Digital Fund offers a combination of Bitcoin exposure and active asset-management strategies designed for large-scale investors.
Broader Crypto Moves Reveal Shifting Institutional Tides
The launch of 3iQ’s new $100 million crypto fund comes as the firm continues to expand its footprint in regulated crypto products. Most notably, 3iQ recently rolled out an XRP-focused ETF on Canada’s Toronto Stock Exchange, giving investors direct exposure to the asset through a regulated vehicle.
With institutional-grade custody and an initial management-fee waiver, the move reflects 3iQ’s broader push to make altcoin exposure more accessible within traditional financial markets.
At the same time, capital is flowing into infrastructure and privacy-focused projects. Grvt, a decentralized exchange built on zero-knowledge technology, has secured $19 million in backing from investors such as ZKsync and Abu Dhabi-based Further Ventures — the same firm involved in the newly launched market-neutral fund. The funding will support the platform’s expansion into cross-exchange vaults, derivatives, and real-world asset integrations, as demand rises for compliant and scalable DeFi solutions.
