Overview
- Sygnum opened the ETH Alpha Fund SP to qualified investors on November 2, 2026, and set an objective of 8–10% annual returns measured in ether after fees.
- The fund records every gain and loss in ETH so success is judged by whether an investor ends with more coins rather than a higher dollar value.
- Sygnum combines native ETH staking with trading strategies such as selling options for premiums, cross-venue arbitrage, and derivatives carry or funding trades to generate additional ETH income.
- The product is a Cayman segregated portfolio using Sygnum Protect off-exchange custody, with a $100,000 minimum, monthly subscriptions and redemptions subject to notice, and an investor-level redemption gate of up to 10%.
- The strategy is pitched as market-neutral but still leaves investors exposed to ETH price swings and trading risks like large option losses, funding-rate changes, liquidity shifts and counterparty exposure; the launch follows Sygnum’s BTC Alpha Fund, which raised substantial capital and posted strong early returns.