TechFlow news, according to Blockworks, three知情人士 sources revealed that cryptocurrency exchange FTX is considering establishing a Fund of Funds (FoF) to provide investor capital for external digital asset portfolio managers. A FoF is a fund that specifically invests in other securities investment funds, allocating limited partners' capital pools to vetted external hedge or venture capital managers.
One source said the initiative is still in its early stages, and the exchange along with its U.S. subsidiary FTX.US has recently discussed this possibility with lawyers over the past few weeks. If FTX moves forward, the fund could launch with over $100 million in assets, the source added, noting there is "significant interest" from institutional investors in such a product.
