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Nickel Asset Management, who are a United Kingdom-based hedge, have just  raised USD 50 million for its newly launched crypto investment fund.

The company released a  statement saying it will be regulated as a full-scope alternative investment fund manager under EU rules. This is said to  allow the firm to manage more than USD 100 million in assets and target institutional investors.

Nickel also explained that the new fund will also exploit  arbitrage opportunities, this is when traders exploit price discrepancies between exchanges.  

Alek Kloda, portfolio manager at Nickel said “As long as digital assets and their derivatives trade on multiple exchanges across the globe, with sufficient speed and execution quality, we can profitably make markets, while improving liquidity for other market participants,”.