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Metalpha Launches $100 Million Grayscale-Based Fund for Digital Assets

Metalpha, based in Hong Kong, has launched the "Next Generation Fund", which allows investors to access Grayscale's digital asset products, including GBTC and redeem shares.

The fund has raised $20m and is targeting $100m. The fund's straightforward participation and compliance with regulations make it attractive to investors.

Grayscale's crypto products have been trading at a discount since March 2021, but the ability to get exposure to them and redeem shares should appeal to bullish investors interested in arbitrage plays.

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