Metalpha’s Next Generation Fund I will invest directly in Grayscale's crypto investment products.
in partnership with NextGen Digital Venture Limited. The fund will invest directly in Grayscale's crypto investment products and indirectly through structured derivatives related to Grayscale's products, allowing institutions and high-net-worth individuals to get indirect exposure to crypto.
According to Metalpha founder and CEO Adrian Wang, the company has already secured $20 million for its new fund since March. He said that the fund has so far attracted many Chinese investors, stating: “A lot of our clients are family offices with traditional backgrounds, rather than pure crypto or pure Web3 native investors [...] It’s overseas Chinese institutions — some of them are family offices, some of them are public companies.”
Wang also noted that Metalpha had seen increased demand for its products recently, which followed a series of difficulties connected to the bear market of 2022 as well as the . “A lot of clients hesitated to place new orders, but now it’s getting much better,” Wang stated, adding that a lot of new traffic is coming in and people are gaining more confidence now.
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