Arrano Capital to Launch new BTC fund in Hong Kong

By Staff Writer

According to a report from Bloomberg, Arrano Capital announced the rolling out of a new Bitcoin (BTC) fund within Hong Kong itself. The venture capital firm was quick to point out that it had satisfied the conditions to be a licensed crypto fund under the regulations of the Securities and Futures Commission of Hong Kong or SFC.

Avaneesh Acquilla, the Chief Investment Officer (CIO) of Arrano, said that the beginning would only act as a tracker fund, buying and selling BTC. Regardless of what it is, the firm has set a goal to pass the $100 million mark in terms of digital assets under management, planning to do so within the first year of its operation. Acquilla has expressed hopes of launching a second fund later in 2020, one actively managing the assets with a basket of tokens.

Acquilla further explained that the decision to launch the fund in the first place was in order to meet the demand currently available with professional investors. These investors are focusing more and more on Bitcoin as a way to store value through an alternative format, according to Acquilla.
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