Metalpha is seeking to elevate $100 million for the Next Generation Fund I, which it has shaped in partnership with NextGen Digital Venture Limited. As of the top of March, Metalpha has raised $20 million in the direction of that purpose. The fund invests in Grayscale merchandise by structured derivatives, granting entry to mainstays of digital asset portfolios in a method that’s compliant with U.S. and Hong Kong legal guidelines.