Further & 3iQ Launch $100M Crypto Hedge Fund for Institutional Investors

Further and 3iQ Collaborate to Launch Crypto Hedge Fund

Further Asset Management, based in the United Arab Emirates, has announced a partnership with Canadian crypto investment firm 3iQ to launch a $100 million hedge fund targeting institutional investors seeking structured exposure to cryptocurrencies. This includes a Bitcoin-denominated share class that reinvests gains directly into BTC.

According to a Wednesday release, the Further x 3iQ Alpha Digital Fund is designed as a market-neutral, multi-strategy vehicle aiming to provide risk-managed exposure to liquid crypto markets within an institutional framework. The fund has been seeded with capital from institutional investors, family offices, and sovereign backers.

Faisal Al Hammadi, managing partner at Further, stated, "We're providing institutional-grade, risk-managed, and scalable access to digital assets, including Bitcoin, within a structure that has successfully passed the rigorous institutional due diligence of leading global capital allocators."

Pascal St-Jean, president and CEO of 3iQ, added that the fund’s structure allows investors to "confidently pursue double-digit potential returns."

Bitcoin-Denominated Share Class

A key feature of the fund is its dedicated Bitcoin (BTC) share class, enabling qualifying investors to subscribe in BTC and receive returns in the same denomination. This share class was anchored by a substantial in-kind contribution from an Abu Dhabi-based family office (unnamed), offering participants exposure designed to steadily increase Bitcoin holdings while maintaining long exposure to the asset.

Founded in 2012, 3iQ focuses on regulated products and services tailored for institutional and professional investors seeking exposure to digital assets within traditional compliance frameworks. The firm is expanding its institutional crypto offerings through infrastructure like its Digital Assets Managed Account Platform.

Further operates as a UAE-based investment platform, providing access to regulated opportunities across venture capital, structured products, and digital assets.

Coinbase Rolls Out Bitcoin Yield Fund

The Further x 3iQ Alpha Digital Fund's emergence coincides with other players offering investors avenues into crypto markets. In April, Coinbase revealed plans to launch the Coinbase Bitcoin Yield Fund, aiming to provide institutional investors outside the United States a way to earn returns on Bitcoin holdings. Targeting a net annual yield of 4% to 8%, the product seeks to meet the growing demand among professional investors for income-generating crypto strategies. The fund has garnered support from multiple investors, including Abu Dhabi–based Aspen Digital, which is regulated by the Financial Services Regulatory Authority.