Hypersphere Launches Atlas Liquid Fund, Seeks to Raise $75M for Early-Stage Crypto Projects

IconCryptoNewsTerminal Staff10 Jul, 2024

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Hypersphere Launches Atlas Liquid Fund, Seeks to Raise $75M for Early-Stage Crypto Projects

Hypersphere, a leading cryptocurrency venture capital firm, has opened its $130 million Atlas Liquid Fund to external investors. The Atlas Liquid Fund is a multi-manager fund that invests in a variety of trading strategies across the cryptocurrency market, including DeFi, quant, market making, and arbitrage. The fund aims to deliver 40% returns to investors. In addition to the Atlas Liquid Fund, Hypersphere is also planning to raise a new $75 million venture fund this fall. The new fund will invest in early-stage cryptocurrency projects. Hypersphere has a strong track record of investing in successful cryptocurrency projects, including Coinbase, Kraken, and Gemini. Hypersphere's decision to open its Atlas Liquid Fund to external investors is a sign of the growing institutional interest in cryptocurrency. As the cryptocurrency market matures, more and more investors are looking for ways to gain exposure to this asset class. Hypersphere's Atlas Liquid Fund provides investors with a diversified way to invest in cryptocurrency. The launch of the Atlas Liquid Fund and the plans to raise a new $75 million venture fund are a sign of Hypersphere's confidence in the future of cryptocurrency. Hypersphere believes that cryptocurrency has the potential to revolutionize the financial industry and is committed to investing in the development of this new asset class.