Dubbed ‘Nickel Arbitrage Fund,’ the new vehicle has raised $50 million under the stamp of approval from UK regulators. : London-based hedge fund manager Nickel Asset Management has officially launched an actively managed crypto investment fund that is geared towards experienced investors who are looking to capitalize from volatility in the cryptocurrency markets. Dubbed ‘Nickel Arbitrage Fund,’ the new vehicle has raised $50 million and became one of the few investment funds focused on cryptocurrencies to win the stamp of approval from UK regulators.