Crypto investment firms 3iQ and Cryptonite have joined forces to unveil a new structured investment vehicle in Switzerland, marking a notable moment for the digital asset landscape. As of today, the 3iQ Criptonite Multi-Factor AMC, an actively managed certificate, is set to make its debut on the Swiss Exchange SIX. This launch is part of a broader initiative to cater to sophisticated investors looking to navigate the volatile terrain of cryptocurrency markets through dynamic investment strategies.
A New Frontier for Active Management
At the heart of this collaboration lies the Multi-Factor AMC, a hedge fund that employs a long/short approach to capitalize on both upward and downward market movements. This is no ordinary product—it’s a regulated investment vehicle specifically designed for qualified investors who seek exposure to actively managed crypto assets. The introduction of such a product on the Swiss Exchange is indicative of the growing acceptance and maturation of digital currencies within traditional financial systems. As explored in our recent coverage of the Tokenized Apollo Credit Fund’s DeFi debut, the intersection of traditional finance and decentralized finance is becoming increasingly significant.
3iQ, known for its pioneering efforts in the crypto trading arena, has a history of breaking new ground. It was one of the early players to list a Bitcoin fund on the Toronto Stock Exchange (TSX) and the first to introduce a publicly listed Ether fund. This track record of innovation seems to be paying off, as the firm continues to push the boundaries of what’s possible in the crypto investment sphere.
A Strategic Partnership
The collaboration with Criptonite Asset Management, a Swiss-regulated partner, is a strategic move that underscores the increasing convergence of traditional and digital finance. Florian Rais, CEO of Criptonite, emphasized the shift of talented managers from conventional assets to digital ones, highlighting their ability to generate alpha—returns above benchmarks—in the crypto domain. “Talented managers have migrated to digital assets, demonstrating their ability to generate the alpha that they previously achieved in traditional markets,” Rais noted.
The timing of this launch is particularly intriguing. With cryptocurrencies experiencing heightened volatility and regulatory scrutiny, the introduction of a structured product like the Multi-Factor AMC offers a potential refuge for those looking to mitigate risks while still reaping the rewards of a burgeoning market. Here’s the catch: it’s not just about adapting strategies from traditional finance, but rather tailoring them to the unique dynamics of the digital asset world. This follows a pattern of institutional adoption, which we detailed in our analysis of Morgan Stanley’s crypto trading plans.
Historical Context and Market Implications
Historically, hedge funds have been at the forefront of financial innovation, often leading the charge into new asset classes. The move by 3iQ and Criptonite is reminiscent of the early days of hedge fund expansion into emerging markets and commodities. Yet, as the crypto market evolves, so too does the complexity of managing these assets. The dynamic positioning employed by the AMC allows for a more nuanced approach, potentially offering investors a way to hedge against the notorious volatility of digital currencies.
The decision to launch this product in Switzerland is also worth noting. The country has long been a hub for financial innovation and regulatory clarity, making it an attractive destination for crypto firms looking to establish a foothold in Europe. By listing the AMC on the Swiss Exchange, 3iQ and Criptonite are positioning themselves at the intersection of traditional finance and the burgeoning world of digital assets.
The Road Ahead
As we look towards the future, questions linger about the sustainability and scalability of such investment vehicles. Will the appetite for actively managed crypto products continue to grow? And how will regulatory developments shape the landscape? These are just a few of the considerations that investors and market participants will need to grapple with in the coming months and years.
In conclusion, the debut of the 3iQ Criptonite Multi-Factor AMC is a testament to the evolving nature of the cryptocurrency market and the innovative strategies being employed to navigate it. As more traditional financial players enter the space, the lines between conventional and digital finance are becoming increasingly blurred—raising intriguing possibilities and challenges alike for the future of investing.
Source
This article is based on: Crypto Investment Firms 3iQ, Cryptonite Debut Structured Investment Vehicle in Switzerland
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
