HashKey Capital, a subsidiary of Hong Kong’s crypto juggernaut HashKey Group, is launching a fund on Friday with an unusual focus — second-tier cryptocurrencies, colloquially known as “altcoins.”

This gamble veers away from the traditional investment approach dominated by Bitcoin and Ethereum. It aims instead to capitalize on lesser-known digital assets’ high-reward, high-risk nature.

HashKey Capital Targets Untapped Alpha

Portfolio manager Jupiter Zheng, the strategist behind HashKey Capital’s fund, targets an investor base of high-net-worth individuals and firms catering to wealthy Asian families. According to Zheng, the crypto market has an untapped demand for above-average returns, or what investment professionals term ‘alpha.’

In a climate where Bitcoin and Ethereum have become almost conventional investment routes, the quest for alpha leads HashKey Capital down a less-traveled path.

Read more: What Are Altcoins? A Guide to Alternative Cryptocurrencies

The company’s new fund embraces altcoins with enthusiasm. Less than half of the fund’s portfolio will consist of investments in Bitcoin and Ethereum. This is a notable shift from the prevailing investment paradigms in crypto, which typically advocate for a more conservative, Bitcoin-centric strategy.

Instead, the fund aims to leverage HashKey’s rich experience in crypto venture investments, diversifying into altcoins that promise greater volatility.

Read more: What Is Altcoin Season? A Comprehensive Guide

While this strategy may raise eyebrows, it comes when Hong Kong emerges as a prominent hub for crypto innovation. The government has been proactive in fostering a Go to Source to See Full Article
Author: Bary Rahma

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