Share this article
Nickel Digital Rotates Flagship Arbitrage-Strategy Fund Largely Out of Crypto Into Cash: Report
The May sell-off in crypto has seen a number of leveraged positions held by investors with losses.
Updated Sep 14, 2021, 1:20 p.m. Published Jul 2, 2021, 2:55 p.m.
Hedge fund Nickel Digital Asset Management put its flagship arbitrage-strategy fund largely into cash during the crypto market downturn, Bloomberg reported.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The Digital Asset Arbitrage Fund, which launched in 2019, focuses on crypto assets. It has seen positive monthly returns since its inception and has gained about 13% this year, Bloomberg said.
- The May sell-off in crypto saw a number of leveraged positions, especially those of retail investors, with losses.
- Anatoly Crachilov, co-founder of the hedge fund, said he expects the doldrums will end soon because institutional investors are increasingly interested in the assets.
- “The sideways market conditions throughout the month led us to exercise financial discipline and keep powder dry until risk/reward of re-emerging market opportunities warrant efficient deployment of capital,” Crachilov said.
Read more: Hedge Funds See 7.2% of Assets in Crypto by 2026: Report
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOGE exits range as selling pressure builds at key levels
The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
What to know:
- Dogecoin fell 5% after the Federal Reserve's rate cut, as traders reacted to cautious guidance and internal disagreements on future easing.
- The memecoin broke below the $0.1310 support level, confirming a bearish shift with increased trading volume.
- The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
Top Stories
