Crypto Investment Firm BlockTower Winds Down Its Market-Neutral Fund
- The market-netural fund had managed more than $100 million
- BlockTower is pursuing other strategies, “real-world” assets
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Miami-based digital-asset investment firm BlockTower Capital wound down a “market-neutral” crypto fund that at one point oversaw more than $100 million with the goal of generating returns no matter which direction prices took.
BlockTower made the decision to shutter the fund and return capital to investors earlier this year, according to Chief Executive Officer Matthew Goetz. The move followed several crypto funds’ closures since FTX’s implosion including Galois Capital, which was known for betting against the Luna token before its collapse.