HONG
KONG, Sept. 1, 2024 /PRNewswire/ -- Metalpha
Technology Holding Limited (NASDAQ: MATH) (the "Company" or
"Metalpha"), a global digital asset-focused wealth management
company, today announced it, through its subsidiary, has adopted
the Antalpha BTC Mining Index for its BTC mining stocks
fund. The index was recently launched by Antalpha and
FTSE Russell.
Metalpha's Bitcoin mining stock fund is managed by
a wholly-owned subsidiary of the Company, LSQ Capital
Limited. The fund uses the Antalpha BTC Mining Index as the
benchmark to invest in publicly listed Bitcoin mining
companies.
Antalpha is the world's leading Bitcoin ecosystem
service provider for institutional partners. As a strategic partner
of Bitmain, Antalpha is trusted by institutions, startups, and
qualified investors to drive innovation in blockchain technology
and applications. It has become a leading company in the global
blockchain financial services ecosystem.
The Antalpha BTC Mining Index selects the top ten publicly
traded US Bitcoin mining companies and tracks their
respective performance. The Antalpha BTC Mining Index will offer
mainstream financial investors a reliable channel to gain
crypto exposure. The index will be rebalanced every
six months to reflect the market conditions.
Metalpha is one of the largest crypto derivatives
traders in Asia and is dedicated
to providing tailor made wealth management and hedging solutions to
financial institutions including family offices, investment funds,
crypto mining companies, etc. Metalpha previously
launched a fund to invest in GBTC, which has seen large gains since
launch, with its net asset value increased to 269.84%,
outperforming Bitcoin by about 39% from $27,265 to $62,867.
"We are excited to launch this equity fund focusing on offering
investors Bitcoin exposure through
Bitcoin mining companies. The Antalpha BTC Mining
Index comes because of high demand from global investors
betting on the long-term growth opportunities of the
Bitcoin mining industry. " Adrian Wang, President and Director of
Metalpha Technology Holding Ltd.
The Company is a holder of Type 1 (securities and virtual assets
dealing services), uplifted Type 4 (advising on securities and
tokens) & Type 9 (asset management) licenses by the SFC.
About Metalpha Technology Holding Limited
Founded in
2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went
public on October 20, 2017. The
listed Company, through its subsidiaries, is dedicated to providing
investing and wealth management services with a full-service,
institutional-grade platform. With dedicated blockchain expertise,
the Company aims to become a leader in the field of
crypto wealth management services, bringing robust
innovation and transparency to the customers and businesses it
serves.
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SOURCE Metalpha Technology Holding Limited