Cryptocurrency asset manager BlockTower Capital has closed a "market-neutral" cryptocurrency fund that once managed more than $100 million, Bloomberg reported. Its CEO Matthew Goetz stated that BlockTower’s decision to close the fund earlier this year and return funds to investors “has nothing to do with the FTX loss or any specific event” and “instead, it was a voluntary decision made by us as trustees.” ". Goetz did not detail any FTX-related losses in his statement. Chief investment officer Ari Paul said in a statement that the opportunity for market-neutral strategies "decreases dramatically after 2022," with higher interest rates and increasing compliance challenges associated with decentralized finance investment strategies also contributing to the decision Close the fund.