Diversifying Investments in Crypto: HashKey Capital’s Altcoin Fund
Hong Kong-regulated fund, managed by HashKey Capital, plans to invest less than half of its assets in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies. The goal is to diversify investments in smaller cap assets.
- Less than half of the fund’s investments will be in BTC and ETH
- Main focus is on allocating investments to altcoins
- Altcoin refers to any cryptocurrency other than bitcoin
- High-net-worth individuals and investment firms are the primary clients
- Fund aims to raise $100 million for investing in digital assets
The fund, which opened recently, aims to attract wealthy Asian families and investment firms as clients. HashKey Capital, based in Singapore, plans to solely invest in digital assets. Hong Kong’s emergence as a crypto hub has facilitated the creation of a digital asset regulatory framework in the region.
Hot Take: HashKey Capital’s altcoin fund presents an opportunity for diversifying cryptocurrency investments beyond bitcoin and ether. With a focus on smaller cap assets, this fund aims to cater to the interests of high-net-worth individuals and investment firms in Asia.
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