Middle Eastern and North American capital make a move: $100 million crypto hedge fund launches, returns directly converted to Bitcoin

[ChainNews] Capital from the Middle East and North America is making new moves again. Further Asset Management from the UAE has teamed up with Canada’s 3iQ to launch a $100 million crypto hedge fund—Further x 3iQ Alpha Digital Fund.

This fund has a rather unique design: it specifically created a Bitcoin-denominated share class. Simply put, the profits you earn are automatically converted into Bitcoin and reinvested, effectively tying your gains to your BTC holdings. For institutions that want both strategic returns and believe in Bitcoin’s long-term value, it’s a win-win solution.

On the strategy side, it’s a market-neutral, multi-strategy approach. In other words: no betting on one-way price movements, but rather looking for opportunities in the crypto market through arbitrage and hedging, making money from liquidity while controlling risk. The target clients are clear—institutional investors, family offices, and sovereign funds that require compliance frameworks and risk control systems.

The initial funds are already in place, sourced from institutional LPs, family offices, and sovereign-backed investors. To some extent, this move also reflects a trend: traditional capital entering the crypto market is increasingly focused on “structured exposure”—they want to participate in the market, but also want to package risk into familiar frameworks.