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Sygnum and Starboard Raise 750 BTC for Market‑Neutral Bitcoin Fund

The market‑neutral vehicle targets bitcoin‑denominated yield through systematic arbitrage.

Overview

  • The BTC Alpha Fund reported an 8.9% annualized net return in its first full quarter and targets 8–10% BTC‑denominated annual returns.
  • Sygnum Bank and Starboard Digital have attracted over 750 BTC, about $65 million, since the fund’s October 2025 launch.
  • Shares in the fund qualify as collateral for Sygnum Lombard loans, allowing investors to access liquidity without selling bitcoin.
  • The fund is domiciled in the Cayman Islands and is available to professional investors in jurisdictions including Switzerland and Singapore.
  • Sygnum cites the inflows as evidence of growing institutional interest in income‑generating bitcoin strategies and notes prior integration moves such as its Debifi loan platform partnership.