Crypto

Syz Capital to raise over $200m in bitcoin for crypto fund

The BTC Alpha fund will reopen for external capital in October

Bitcoin has rallied this year as the crypto sector gains growing mainstream acceptance Angel Garcia/Bloomberg via Getty Images
Bitcoin has rallied this year as the crypto sector gains growing mainstream acceptance Angel Garcia/Bloomberg via Getty Images

Syz Capital is reopening its fund of crypto hedge funds to raise 2,000 bitcoin, worth more than $200m, amid growing institutional interest in digital assets.

The Syz Capital BTC Alpha fund, which was launched in March with 2,000 bitcoin, has been closed to external capital since April.

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