Sygnum Bank, a regulated digital asset specialist based in Switzerland, has successfully completed the initial closing of its innovative market-neutral Bitcoin investment vehicle, the Sygnum BTC Active ETP. The offering has secured commitments exceeding 750 BTC, underscoring robust institutional demand for sophisticated, risk-managed exposure within the cryptocurrency space.
The Sygnum BTC Active ETP is explicitly designed to deliver absolute returns regardless of the directional price movements of Bitcoin. This market-neutral approach is achieved through the active management of a proprietary strategy focused on capitalizing on various market inefficiencies, including arbitrage opportunities and basis trades. By employing advanced hedging techniques and remaining delta-neutral, the fund seeks to isolate performance from the high volatility typically associated with the underlying digital asset.
This successful launch marks a significant step in the maturation of institutional crypto offerings. For traditional institutional investors and family offices, the market-neutral structure provides a crucial diversification tool, offering returns with low correlation to broader equity and fixed-income markets, without the extreme drawdown risk inherent in pure ‘buy-and-hold’ strategies.
As an Exchange Traded Product (ETP), the fund offers regulated accessibility, simplifying the investment process for compliance-sensitive institutional clients. Sygnum emphasizes that the strong initial capital raise validates the demand for institutional-grade products that blend the disruptive potential of digital assets with the risk mitigation strategies typical of traditional finance.
Source: Swiss bank Sygnum raises over 750 BTC for market-neutral fund
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