Cryptocurrencies
Bitcoin Specific-Fund Is Latest to Tout the Digital Gold Narrative
- Nickel expects the fund to raise $1 billion within 18 months
- Fidelity Digital will be the fund’s principal custodian
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Nickel Digital Asset Management, which runs a $50 million fund focused on cryptocurrency arbitrage, is launching a Bitcoin specific one targeting accredited investors.
The London-based money manager expects to have $1 billion in the fund, called Digital Gold Institutional, within 18 months, Chief Executive Officer Anatoly Crachilov said in a phone interview. It’s starting the fund with money from family offices and high net-worth individuals. Subscriptions will become available from the end of January, with minimum investment of $1 million.