Syz Capital plans to raise another $200 million in Bitcoin through the BTC Alpha fund

According to reports, Syz Capital plans to restart its BTC Alpha fund on October 1, aiming to raise 2,000 Bitcoins, equivalent to about $200 million. Currently, the fund has attracted subscriptions for 1,800 Bitcoins from investors, including family offices, high-net-worth individuals, and corporate funds. The fund employs a market-neutral strategy and only charges performance fees, with custody and prime brokerage provided by Coinbase Institutional, and liquidity is open quarterly.