Other industry highlights:

• Crypto Asset Manager Targets $100M for DeFi Yield Strategy

• $160B Crypto Behemoth Expands Allocator Connect Platform

• $50M Fund of Funds Operates Under New Name After Consolidation

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^{🗞 Allocator Developments 🗞}

$160B Crypto Behemoth Expands Allocator Connect Platform — Binance, the world’s largest crypto exchange, has upgraded Capital Connect, its marketplace linking institutional investors with external trading teams via its Portfolio Accounts infrastructure. The platform enables on-exchange allocation while investors retain custody, with Binance standardizing performance reporting and enforcing KYB across participants. Strategies are categorized across market neutral, directional, and statistical arbitrage, with managers able to list with as little as a 30-day track record and top strategies currently showing Sharpe ratios as high as 5.

$50M Fund of Funds Operates Under New Name After Consolidation — Amitis Capital has integrated Samara Alpha’s team, products, and infrastructure into its platform, with all activities continuing under the Amitis name. As General Partner to its ACDAM multi-manager fund, the firm is expanding its institutional digital asset platform, with Samara Alpha contributing AUM across its Market-Neutral Alpha Fund, BTC Plus Fund, separately managed accounts, and seeding platform. According to SEC Form D filings, Samara had previously raised +$50M across its various investment products.

Pod Shop Crosses $510M in External Allocations — Nickel Digital Asset Management now operates approximately 80 trading pods across 23 countries, allocating $510M in capital through its platform. The firm continues to scale its institutional infrastructure, with off-exchange settlement covering 94% of fund exposure as of February 2026 and triparty custody seeing increased adoption. At the portfolio level, allocations were concentrated in short-term trend following (50%) and statistical arbitrage/relative value (31%), with additional exposure to market making (14%) and funding arbitrage strategies (5%).

What’s Inside Fed Nominee’s $100M Crypto Fund Portfolio — Kevin Warsh, nominated as Federal Reserve Chair in April 2026, holds a personal investment portfolio of approximately $100M, which includes allocations to crypto hedge funds and venture funds. These positions — spanning LP, GP, and advisory roles — include exposure to firms such as Polychain, Bessemer Venture Partners, Scalar Capital, Electric Capital, Bitwise Asset Management, and Brevan Howard.

Law Firm Advises New Fund of Funds Launch —Charles Russell Speechlys has advised Chainwave Capital Management on the establishment of a Cayman Islands master-feeder structure with segregated portfolios, designed to provide diversified exposure to digital assets. The fund allocates capital across institutional, quantitatively driven crypto managers rather than holding tokens directly.

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🔥 What’s Hot in Crypto 🔥

Crypto Asset Manager Targets $100M for DeFi Yield Strategy Launch

Maven 11 has launched the Maven 11 Yield Fund (MYF), a market-neutral DeFi yield and credit strategy designed to generate consistent, income-like returns. Following several months of live trading with internal capital, the fund opened to external investors in March 2026 and is targeting $100M in assets under management by year-end.

The strategy aims to deliver 10–15% annualized returns by converting demand for liquidity, leverage, and credit in digital asset markets into yield. Structured to resemble fixed-income products, the fund offers monthly liquidity with the option for investors to compound returns or receive distributions.

MYF is supported by Maven 11’s broader platform, combining venture-driven market access and sourcing capabilities with the credit underwriting and structuring expertise of M11 Credit. This integrated approach is designed to identify and manage yield opportunities such as structured credit and real-world asset opportunities with institutional counterparties, delta-neutral carry trades, liquidity provisioning, private LP arrangements, as well as DeFi lending and prime brokerage strategies.

The Fund is managed by a seasoned investment team, led by Bram van Roelen as PM and Thibault Labidi as Head of DeFi and Operations.

Maven 11 has raised approximately $350M across 3 venture funds since inception in 2017 and has backed over 100 companies in the digital asset ecosystem.

Separately, since 2021, M11 Credit brings fixed income opportunities to capital allocators and credit solutions to established (crypto-native) companies and DeFi protocols and recently surpassed $125M in total value locked in its FalconX Prime Broker Credit Vault.

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🍿 Blockchain Bytes 🍿

• Crypto hedge fund manager Zaheer Ebtikar is winding down Split Capital despite strong returns (~100% in 2024, ~20% in 2025), citing structural challenges in the sector, and is joining stablecoin startup Plasma as Chief Strategy Officer. The fund’s former backers included the venture fund Novi Loren and the digital asset company UTXO Management (Yahoo Finance)

• 13o3, which manages over $1.2B in assets, has launched Crypto Fund I, a multi-strategy vehicle targeting cryptocurrencies, liquid tokens, venture-stage Web3 equity, and tokenized real-world assets, alongside market-neutral and stablecoin strategies aimed at balancing growth with risk management (Global News Wire)

• Third Eye, the +$100M AUM multi-strategy crypto fund, is launching a hiring push across trading and research, including roles for a volatility PM focused on crypto and equity options, a head of research for deep-dive analysis, a crypto equities trader/PM, and a crypto-native trader/PM with optional TradFi experience (Tian Zeng)

• Tok-Edge has launched a $21M tokenized fund anchored by its “Redemption Token,” aiming to bridge traditional finance infrastructure with DeFi strategies targeting a broader $100M raise (Bitget)

• Block Asset Management (BAM) announced the launch of a new quantitative long/short digital asset strategy offering daily liquidity, designed to give institutional investors actively managed exposure to BTC and ETH using systematic signals and AI-supported portfolio optimization (Block Asset Management)

• Eltican Asset Management, the crypto hedge fund founded by former Balyasny PM Mehdi-Laurent Akkar, gained 17% through late April, rebounding from prior losses and bringing year-to-date returns to 19% despite continued market volatility (fnlondon)

• Bitfire, the Hong Kong-listed firm backed by Huobi founder Li Lin, is acquiring a trading system and team from his family office Avenir Group in a move that effectively brings part of his private crypto trading operation into a public vehicle, as the firm prepares to launch a bitcoin-focused strategy targeting up to $760M in assets (Coindesk)

• UTXO Management, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA), has launched UTXO Preferred Income Strategies LP, a structured digital credit fund with senior income and total return tranches, with initial exposure to instruments like STRC that blend fixed income and digital asset features, marking its expansion into yield strategies, alongside its $100M 210k Capital hedge fund focused on Bitcoin-driven opportunities (Bitcoin Magazine)

• Haun Ventures announced it has raised $1B in new capital to back next-generation financial infrastructure, tokenized assets, and the emerging “agentic economy,” where AI systems transact on behalf of users (Yahoo Finance)

• Cyber Capital is marking its 10-year anniversary with the launch of Fund Q, a new strategy combining quantitative insights with its existing expertise, building on its track record with Fund A—one of Europe’s oldest actively managed crypto funds—with approximately €22.8M in AUM and a nine-year track record (Cyber Capital)

_{*Monthly returns calculated as of February 28, 2026 and shown net of fees; reflected returns prior to April 2022 are proprietary trading returns that have been pro-forma adjusted to reflect a theoretical 2/20 fee, and no assurance can be given that the fund will continue to follow substantially the same investment strategy; loans were used in trading prior to April 2022. Returns before April 2022 not verified by independent third-party analysis. Past performance is not necessarily indicative of future results. Investments and commodity interest trading involve substantial risks, including risk of loss.}

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