Blockstream Establishes New Asset Management Division and Will Launch Two Bitcoin Investment Funds in Q1

Blockchain development company Blockstream has announced the launch of two institutional investment funds that will give investors direct exposure to the company's Bitcoin ecosystem and earn returns through Bitcoin-backed loans and other income sources. In a Jan. 23 announcement, Blockstream debuted its new asset management business, Blockstream Asset Management, and unveiled the Blockstream Income Fund and Blockstream Alpha Fund, which will be launched in the first quarter of this year. The Blockchain Income Fund aims to pay out U.S. dollar-denominated returns by providing Bitcoin as collateral to Bitcoin-native startups and companies that own digital asset inventories in the Blockstream network. The fund focuses on loans between $100,000 and $5 million. The Alpha Fund focuses on portfolio growth, providing investors with exposure to "infrastructure-based income streams such as Lightning Network node operations." It is considered an actively managed fund and generally charges higher fees. (Cointelegraph)