Sygnum’s market‑neutral Bitcoin fund posts 8.9% Q4 return, raises 750+ BTC

Cryptocurrency banking group Sygnum said its market‑neutral Bitcoin fund posted an annualized return of 8.9% in the fourth quarter of 2025 and on Wednesday announced the seed‑phase completion of the Starboard Sygnum BTC Alpha Fund, which attracted more than 750 Bitcoin from professional and institutional investors in the four months after its October 2025 launch.

Sygnum said the fund reflects a broader shift among institutional investors toward structured Bitcoin products that aim to produce steady returns while maintaining exposure to the asset. “As Bitcoin becomes a core portfolio allocation for institutional investors, we’re seeing growing demand for strategies that can generate returns beyond simple price appreciation,” said Sygnum’s head of portfolio management, Markus Hämmerli.

The firm said the BTC Alpha Fund generates returns from arbitrage and relative‑value strategies across spot and derivatives markets on centralized crypto exchanges. “The fund’s investment objective is to outperform BTC,” the fund’s web page states, adding the strategy is designed to capture inefficiencies and pricing dislocations across CEXs and instruments including perpetual swaps, futures, options and spot markets.

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