BlockTower Capital Buys ‘Market-Neutral’ Crypto Hedge Fund Gamma Point
BlockTower CEO Matt Goetz said the deal will help attract institutional investment – even in a bear market.
More than half of institutional investors plan to invest more in crypto by 2023, according to a survey.
The hedge-fund company nevertheless trades crypto, using quantitative analysis to sniff out price anomalies that can prove profitable.
Backed by an array of high-frequency traders, the data pipeline’s mainnet launch is imminent. But key details like governance structure remain unresolved.
Bitcoin shorts are unwinding positions into the month’s close. Traders watching for signs of capitulation.
That asset allocation equates to about $312 billion across the sector.