Why this Crypto Hedge Fund Expects Bitcoin Dominance to Drop
The Trump administration will unleash a new era of crypto innovation, said ZX Squared founder CK Zheng.
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The Trump administration will unleash a new era of crypto innovation, said ZX Squared founder CK Zheng.
The fund, set for launch in September, will be available to corporates, businesses and professional investors
Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX.
Dubai (Kent Tupas/Unsplash)
CEO Jean-Marie Mognetti described the move as “a natural progression”, given the “changing macro environment prominently marked by interest rates and inflation.”
Why all the excitement about spot bitcoin ETFs? Well, a gold ETF was a huge deal for markets, and people wonder if $BTC might be next.
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.