Flows
Digital asset investment products saw $137m of inflows last week, taking total inflows for the last four weeks to $742m, the largest run of inflows since the final quarter of 2021, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
New York-based hedge fund firm Fir Tree Partners is looking to capitalise on the turmoil seen in the digital assets market over the past year or so by launching a hedge fund that will make investments in distressed crypto assets, according to a report by CoinDesk.
The report cites an email seen by CoinDesk as confirming that The Fir Tree Digital Asset Opportunities Fund will launch on 1 August.
Fir Tree, which has previously dabbled in crypto through an attempt to short Tether’s USDT stable coin, believes it can leverage its experience in credit, capital structure arbitrage, distressed, special situation
Cutter Capital Management, a new healthcare-focused hedge fund founded by former Citadel portfolio manager Vince Aita, has begun trading with $275m from two institutional investors, according to a report by Bloomberg. Â
Digital asset investment products saw $136m of inflows last week bringing the last three consecutive weeks inflows to $470m, fully reversing the prior nine weeks of outflows, according to the latest Digital Assets Fund Flows report from CoinShares.
Digital asset investment products saw a second week of inflows totalling $125 million, bringing the last two weeks of inflows to $334 million, representing almost 1% of total AUM, according to the latest CoinShares Digital Assets Fund Flows Weekly report.
