Swiss bank Sygnum raises over 750 BTC for market-neutral fund

Cryptocurrency banking radical Sygnum said its market-neutral Bitcoin money posted an annualized instrumentality of 8.9% successful the 4th fourth of 2025, highlighting increasing organization request for yield-focused crypto strategies amid volatile prices.

Sygnum connected Wednesday announced seed-phase completion of its Starboard Sygnum BTC Alpha Fund, which attracted much than 750 Bitcoin (BTC) from nonrecreational and organization investors successful conscionable 4 months pursuing its October 2025 launch.

Sygnum said the money reflects a broader displacement among organization investors toward structured Bitcoin products that purpose to nutrient dependable returns portion maintaining vulnerability to the asset.

“As Bitcoin becomes a halfway portfolio allocation for organization investors, we’re seeing increasing request for strategies that tin make returns beyond elemental terms appreciation,” Sygnum’s caput of portfolio management, Markus Hämmerli, said.

The fund’s show came contempt a crisp pullback successful the broader crypto market. Bitcoin prices person fallen astir 25% since the fund’s launch, according to CoinGecko data, highlighting the entreaty of strategies designed to make returns autarkic of terms appreciation.

How does the fund’s market-neutral strategy work?

Sygnum said its BTC Alpha Fund generates returns from some directional bitcoin vulnerability and arbitrage connected centralized crypto exchanges (CEXs), trading spot cryptocurrencies and derivatives.

“The fund’s concern nonsubjective is to outperform BTC,” the fund’s web leafage states, adding that the strategy is designed to seizure inefficiencies and pricing dislocations crossed CEXs and instruments, including perpetual swaps, futures, options and spot markets.

“Main strategies driving the show are leveraged transportation trades and transverse speech arbitrage,” Hämmerli told Cointelegraph.

Bitcoin (BTC) terms since October 2025. Source: CoinGecko

Returns are generated and accumulated successful Bitcoin. Investors tin recognize gains by redeeming their shares astatine the fund’s nett plus value, allowing the money to turn holdings implicit clip alternatively than wage retired currency oregon Bitcoin periodically.

“The fund’s Q4 show demonstrates that nonrecreational Bitcoin absorption tin present meaningful results adjacent erstwhile spot markets are level oregon declining,” Hämmerli said successful the announcement.

Related: Nomura’s Laser Digital rolls retired yield-bearing Bitcoin fund

Nikolas Skarlatos, laminitis of Starboard Digital, a Greek institution that co-launched the money with Sygnum, highlighted the challenges of organization investors successful generating yields connected Bitcoin portion maintaining vulnerability to its appreciation.

“The fund’s aboriginal results validate that institutional-grade Bitcoin output strategies purpose to make 8–10% yearly returns crossed marketplace conditions,” helium said.

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