Cryptocurrency Investment Firm Hypersphere Launches $130 Million Fund

Cryptocurrency investment firm Hypersphere has recently announced the launch of its new fund, Atlas, with $130 million in assets under management (AUM). The fund aims to utilize Wall Street-style strategies to generate returns from crypto assets.

Stealth Mode Launch and Team

The Atlas fund was initially launched in stealth mode in January and was funded from Hypersphere’s balance sheet. The team behind the fund consists of professionals with backgrounds from high-frequency trading firm Millennium and hedge fund Bridgewater, bringing a wealth of experience to the table.

Multi-Manager Approach

Hypersphere plans to implement a multimanager approach similar to that of Millennium and Bridgewater. This strategy aims to provide investors with access to niche trading strategies while keeping volatility at a minimum.

Open-Ended Liquid Fund Structure

Atlas is designed to offer investors the flexibility to enter and exit quickly through its open-ended liquid fund structure. This feature is intended to enhance accessibility and liquidity for investors.

Founder’s Perspective

Jack Platts, the founder of Hypersphere, described Atlas as “two bets in one.” The fund offers a diversified set of trading strategies while also seeking compelling opportunities in the crypto markets. Platts emphasized the goal of creating a product that benefits from participating in the growth of the crypto asset class while minimizing volatility and providing stable returns.