Morgan Creek Capital registered a new Bitcoin fund, called the Exos Risk-Managed Bitcoin Fund, with the SEC yesterday. This follows a previous fund, known as the Blockchain Opportunities Fund that raised $70 million.
The private equity fund is designed to provide exposure to Bitcoin, and reduce volatility of returns. In addition—according to the website—the fund will fully allocate capital to Bitcoin based on positive indicators, and reduce or exist its position when indicators are negative. An incentive fee of 20% above Bitcoin return is also applied.
Another day, another Bitcoin fund filing.
Last night, Morgan Creek and Exos registered their 'Risk Managed Bitcoin Fund' with the SEC.@MarkYusko is making moves 👀 pic.twitter.com/gcLCqaFVuK
According to the fund website, "Bitcoin has laid the foundation for a new asset class that may become the biggest technological innovation since the internet."
Mark Yusko, founder and CEO of Morgan Creek Capital, recently showed his support for Bitcoin on Benzinga’s PreMarket Prep. "Clearly Bitcoin crushed the S&P in 2019, it has crushed the S&P again this year. This is an asset that most people don’t understand," he said.
An excellent summation of where #bitcoin is, why it is doing what it’s doing, and it’s unique characteristics. Check out this excellent interview from my partner @MarkYusko at Morgan Creek Digital below🔥🚀🔥 pic.twitter.com/7LnTRUiCDz
Yesterday, Yusko followed this up by taking aim at "zombie companies" that require bailouts during periods of financial stress, describing these entities as "ponzi finance schemes."
"Before people's eyes, you're having your wealth stolen through inflation," Yusko added.
Jason Williams , co-founder of the company's crypto branch Morgan Creek Digital, has also expressed his support for Bitcoin. In October, he sold a 2007 Chevrolet Suburban for 0.4 Bitcoin (now worth $7,500). Yesterday, he said, "Sold it for 0.4 BTC fwiw. Feels like I may have done well. We will see."
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Ethereum just lost one of its long-time institutional backers.
In a Thursday statement, algorithmic trading firm Two Prime announced it is dropping all exposure to Ethereum (ETH) and will exclusively manage and lend against Bitcoin (BTC) going forward, citing Ethereum’s unpredictable behavior, declining market momentum, and eroding institutional appeal.
Why Two Prime is Going BTC Only https://t.co/VtrQAUyGL0 pic.twitter.com/4BWVd8R7HM
— Two Prime (@Two_Prime) May 1, 2025
Two Prime didn’t say h...
Crypto asset manager 21Shares applied for an exchange-traded fund tracking the price of Sui, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
The 21Shares Sui ETF aims to broaden investors’ access to the native token of the layer-1 network designed for high-speed transactions, which has been dubbed by some as a “Solana Killer.”
The filing named Coinbase as a custodian to safeguard investors’ funds, according to the registration statement, but did not specify...
New CertiK estimates suggest about $364 million was lost through crypto hacks, scams and exploits in April alone.
The cybersecurity firm says the vast majority of this total, $337 million, is related to phishing attacks.
#CertiKStatsAlert 🚨
Combining all the incidents in April we’ve confirmed ~$364M lost to exploits, hacks and scams after ~$18.2m was returned.
KiloEx, Loopscale and zkSync all had funds returned by whitehat exploiters.
~$337M of the total is attributed to phishing.
More… pic.tw...
