Crypto Investment Firm Hypersphere Unveils $130M Market Fund
Cryptocurrency investment firm Hypersphere has launched a new fund, Atlas, with $130 million in assets under management. The fund, which started in stealth mode in January, will use Wall Street-style strategies to generate returns from crypto assets. The team includes former employees of high-frequency trading firm Millennium and hedge fund Bridgewater. The fund aims to provide investors with niche trading strategies while maintaining low volatility. It also offers an open-ended liquid fund structure for quick entry and exit. Hypersphere founder Jack Platts sees Atlas as a way to offer diversified trading strategies and find compelling opportunities in the crypto markets, with the goal of participating in the growth of the asset class while minimizing volatility and offering steady returns.
