$200M Hedge Fund Pauses Crypto Arbitrage Trading Amid Market Downturn

by cointelegraph.com posted 1month ago 3 views
The hedge fund co-founder says it is keeping its investment powder dry for when the crypto market resumes its parabolic advance. Crypto hedge fund Nickel Digital Asset Management cycled into a cash position following the crypto market collapse of May. According to Bloomberg, the $200 million crypto hedge fund led by JPMorgan and Goldman Sachs alumni redeployed its capital in anticipation of another explosive price run for cryptocurrencies. Prior to piling into a cash position, Nickel Digital focused on cryptocurrency arbitrage opportunities resulting from cryptocurrency price differences across the spots and derivatives markets.

In this article

No tags related to this article.