Ane River Digital, a cryptocurrency-focused hedge fund offering exposure to Bitcoin (BTC) and Ether (ETH), has closed its first funding round after launching final year.

One River Digital president Sebastian Bea confirmed Wednesday that the company had raised $41 million in a Series A financing round from investors, including Goldman Sachs and Coinbase Ventures.

Other investors included American diversified global insurer Liberty Mutual Insurance and an alternative investment management firm, Infinity Investment Partners, every bit One River Digital announced on Tuesday.

According to the 1 River Digital president, the fresh upper-case letter will help the company to increase its investment opportunities to support the digital ecosystem.

"We will use these funds to accelerate our scale across investments, distribution and operations. These funds will help u.s.a. improve seek our purpose, which is to help institutions access and invest in the time to come of finance," Bea said.

As previously reported, One River Digital was founded in 2022 by Eric Peters, founder and CEO of the startup's parent company, One River Asset Management. The crypto fund is widely known in the cryptocurrency community, having accumulated about $600 million worth of Bitcoin and Ether in tardily 2022, it generated massive gains following a massive crypto rally in early on 2022.

One River is backed by billionaire hedge fund managing director Alan Howard, co-founder of the Brevan Howard, which reportedly acquired a 25% stake in I River Asset Management in October.

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"​​The experience and expertise of this team, together with our existing investors at Brevan Howard and our Bookish and Regulatory Advisory Council, will be of cracking benefit to One River every bit nosotros pursue our mission to be the leading institutional investment manager in digital avails," Peters said.

As previously reported, One River Digital established its academic and regulatory advisory council in March 2022, bringing together prominent industry figures similar Jay Clayton, a onetime chairman of the Us Securities and Exchange Committee. In May, Ane River Digital filed for a carbon-neutral Bitcoin exchange-traded fund.