News Explorer — Sygnum Bank, Starboard Digital's BTC Alpha Fund Raises $65 Million for Bitcoin Investment

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Jan 29, 12:20 pm

Coindesk

Sygnum Bank, Starboard Digital's BTC Alpha Fund Raises $65 Million for Bitcoin Investment

Over 750 Bitcoin, valued at more than $65 million, have been raised by Swiss digital asset bank Sygnum Bank and Starboard Digital for their BTC investment vehicle. The BTC Alpha Fund aims to generate yield on Bitcoin holdings independently of price fluctuations, delivering an 8.9% annualized net return in its first full quarter.

Over 750 Bitcoin, valued at more than $65 million, have been raised by Swiss digital asset bank Sygnum Bank and Starboard Digital for their BTC investment vehicle. The BTC Alpha Fund aims to generate yield on Bitcoin holdings independently of price fluctuations, delivering an 8.9% annualized net return in its first full quarter.

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