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HashKey Capital Secures $250M for Fourth Crypto Fund Amid Market Caution

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HashKey Capital has raised $250 million for its fourth crypto fund, HashKey Fintech Multi Strategy Fund IV, with a $500 million target. The firm secured backing from global institutions, family offices, and high net worth individuals. Funds will focus on blockchain infrastructure and large-scale use cases. HashKey, which manages over $1 billion in assets, recently listed on the Hong Kong Exchange. Market cap data shows ongoing outflows from Bitcoin and Ether ETFs since early November.

In accordance with Coinrise, HashKey Capital has secured $250 million in commitments for the first close of its fourth crypto-focused fund, HashKey Fintech Multi Strategy Fund IV, with a target final size of $500 million. The firm confirmed the capital came from global institutions, family offices, and high net worth individuals, and will be deployed across blockchain infrastructure and large-scale use cases. The fund is designed to remain active across market cycles, focusing on emerging markets for blockchain adoption. HashKey, which manages over $1 billion in assets, recently listed on the Hong Kong Exchange after raising $206 million through an IPO. Market data shows reduced activity from large traders, with continued outflows from Bitcoin and Ether ETFs since early November.

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