PANews reported on December 3rd, citing Cointelegraph, that UAE-based digital asset management firm Further Asset Management has partnered with Canadian cryptocurrency investment firm 3iQ to launch a $100 million hedge fund, the "Further x 3iQ Alpha Digital Fund." The fund primarily targets institutional investors seeking structured cryptocurrency investment exposure and includes a Bitcoin-denominated share class that reinvests its proceeds directly into Bitcoin. The Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy fund designed to provide controlled-risk exposure to the highly liquid cryptocurrency market within an institutional framework. The fund's initial capital comes from institutional investors, family offices, and sovereign advocates.