The Bitcoin Opportunity Fund, a hedge fund aiming to deliver higher risk-adjusted returns through diversification within the bitcoin ecosystem, has revealed plans to raise $50m for its second fund, Fund II.

Building on the success of its first fund, Fund II intends to leverage the team’s access to a broader deal flow, including both public and private bitcoin-related companies, equities, and special situations.

The Bitcoin Opportunity Fund's experienced team invests in both public and private opportunities within the bitcoin ecosystem, aiming to generate risk-adjusted returns by diversifying across this rapidly expanding asset class.

“It’s still very much early days in this fast-growing sector,” said David Foley, Co-Managing Partner. “We will continue to see rapid growth as verticals like financial services, technology infrastructure, energy markets, and creator economies integrate Bitcoin into the ecosystem.”

James Lavish, Co-Managing Partner, added: “Our funds provide high net-worth investors access to the upside of Bitcoin, while leveraging our expertise and years of experience to make good, thoughtful, strategic investments into the bitcoin ecosystem. Our team is comprised of experienced investors with more than 150-years of cumulative experience as investors and entrepreneurs who are all deeply rooted in the bitcoin community.”

Investments in the Bitcoin Opportunity Fund are available exclusively to (i) "accredited investors," as defined in Regulation D under the Securities Act of 1933, as amended, and (ii) "qualified clients," as outlined in Rule 205-3 under the Investment Advisers Act of 1940, as amended.