Halogen Capital Launches New Fund, Plans ETH Staking
CryptoNewsTerminal Staff28 May, 2024
Halogen Capital Launches New Fund, Plans ETH Staking
Halogen Capital, a crypto fund manager based in Malaysia, has launched a new Shariah-compliant fund called the Halogen Shariah Crypto Titans Fund (HSCTF). The fund will primarily invest in Ethereum (ETH), with 70% of its holdings allocated to the cryptocurrency. The fund will stake the ETH it holds, and the rewards from staking will be returned to the fund, potentially boosting its overall returns. This move by Halogen Capital is a sign of the growing interest in Ethereum staking, as well as the increasing demand for Shariah-compliant crypto investment options. The HSCTF is targeted at sophisticated investors and is expected to provide them with a unique opportunity to participate in the growth of Ethereum while adhering to Islamic principles.
