Sygnum launches ETH fund targeting 8%-10% annual net returns

Swiss crypto bank Sygnum has launched ETH Alpha Fund SP, a fund for professional investors targeting annual net returns of 8% to 10% in Ethereum, The Block reported. The fund combines ETH staking with option premiums, inter-exchange arbitrage, derivatives and funding-rate strategies, with all gains and losses realized in ETH rather than U.S. dollars. The fund opened on Nov. 2, according to The Block, and is available to eligible professional investors.