Bitcoin

Hongkong

Bitmain is the biggest company globally that produces cryptocurrency mining equipment.According to an insider, Hong Kong’s asset management firm, Metalpha, has received $5 million from Bitmain for its Grayscale-based fund.Metalpha, in collaboration with NextGen Digital Venture Limited, is aiming to raise $100 million for their Next Generation Fund I. So far, they have gathered $20 million by the end of March. The fund invests in Grayscale products using structured derivatives, which allows investors to access popular digital assets in compliance with U.S. and Hong Kong regulations.Also Read This Related: <a href="https://cryptosheadlines.com/hong-kong-securities-regulator-opens-license-applications-for-crypto-exchanges-from-june-1st/" rel="noopener noreferrer nofollow">Hong Kong Securities Regulator Opens License Applications for Crypto Exchanges from June 1st</a>Grayscale, the company behind digital asset investment products, is owned by Digital Currency Group, which is the parent company of CoinDesk.Visit Our Website For More Informative Content: <a href="https://cryptosheadlines.com" rel="noopener noreferrer nofollow">https://cryptosheadlines.com</a>

Hong Kong Asset Manager Metalpha Receives $5M from Bitmain for Grayscale Fund

CryptosHeadlines.com

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