Digital asset management firm Arca has announced a new digital asset fund that aims to generate low double-digit returns, along with minimal volatility, for investors. The Arca Digital Yield Fund is said to be the first actively managed income fund in the digital assets sector.
Rayne Steinberg, CEO of Arca, says their mission is to make Arca the single destination for exposure to digital assets:
“We are taking the years of operational experience gained managing our broad, flagship fund, where income-producing strategies were an important feature, and creating a new product. We have been maturing this product for quite some time and now that the ecosystem, opportunity set and investor demand have reached advantageous levels, we are launching this defined yield product.”
Arca says the Fund will be managed by CIO Jeff Dorman and Portfolio Manager Hassan Bassiri, CFA.
Dorman says they believe an actively managed fund is a better option than the passive yield generating options currently available in the market due to its flexible structure.
“We will leverage our team’s experience, using similar and complementary strategies to those already employed by our other digital assets funds. As the digital asset ecosystem continues to mature, Arca is leading investors through new territory with the same focus on market strategy, capital preservation and growth, and investment risk.”
Arca currently offers the Arca Digital Assets Fund, Arca AI Bitcoin Trust and ArCoin – a closed-end fund registered under the Investment Company Act of 1940 issuing shares as digital securities that are transferable using blockchain technology. Arca caters to institutions and accredited investors (in the US). Arca has scheduled a Q&A for later in August to further explain the new yield fund.
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