Crypto Fund Targets $150M Raise
A crypto hedge fund founded by former Credit Suisse managing director Lucas Kiely is seeking to raise $150 million from institutional investors and family offices. The fund, Spear Digital, has delivered positive returns in 2026 despite continued volatility across major cryptocurrencies.
The fundraising effort highlights sustained institutional interest in digital assets. While Bitcoin and Ethereum have experienced price fluctuations, professional investors continue to allocate capital to crypto-focused strategies in search of diversification and long-term growth opportunities.
For exchange service users, the development signals ongoing confidence in the crypto sector from experienced financial market participants. Stay updated and exchange digital assets through xbit.money.