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Bitcoin Hedge Fund UTXO Management Plans Global Expansion of Treasury Companies
210k Capital, a hedge fund under UTXO Management, achieved a 164% return in 2024, making it the fifth-best performing major hedge fund. UTXO Management invests heavily in bitcoin strategy companies like Strategy and Metaplanet.
Key points include:
- UTXO Management's investments are primarily in bitcoin equities, comprising 80% of their portfolio.
- The cryptocurrency-focused hedge fund sector outperformed traditional assets, with HFR’s index for crypto funds returning 59.81% in 2024.
- Institutional interest in bitcoin has increased, aided by bitcoin ETFs approved in January 2024.
- Tyler Evans emphasized the demand for securitized bitcoin investments for institutional allocators.
- Plans to expand bitcoin treasury companies globally, targeting various financial markets.
UTXO Management is also involved with Metaplanet's bitcoin treasury in Japan and aims to establish similar ventures in regions like Latin America and Southeast Asia.