Sygnum’s new bitcoin fund pulls in $65 million from investors looking for steady yield

The fund delivered an 8.9% annualized net return in its first quarter, targeting 8-10% annual returns through systematic arbitrage strategies. What to know : Sygnum Bank and Starboard Digital raised over 750 bitcoin (worth $65 million) for the BTC Alpha Fund, a market-neutral investment vehicle. The fund delivered an 8.9% annualized net return in its first quarter, targeting 8-10% annual returns through systematic arbitrage strategies. Shares in the fund are eligible as collateral for Lombard loans through Sygnum, enabling investors to unlock liquidity without selling their bitcoin positions.