Metalpha Adopts New Bitcoin Mining Index by Antalpha and FTSE Russell

HONG KONG, Sept. 1, 2024/PRNewswire/ -- Metalpha Technology Holding Limited (NASDAQ: MATH) (the "Company" or "Metalpha"), a global digital asset-focused wealth management company, today announced it, through its subsidiary, has adopted the Antalpha BTC Mining Index for its BTC mining stocks fund. The index was recently launched by Antalpha and FTSE Russell.

Metalpha's Bitcoinmining stock fund is managed by a wholly-owned subsidiary of the Company, LSQ Capital Limited. The fund uses the Antalpha BTC Mining Index as the benchmark to invest in publicly listed Bitcoinmining companies.

Antalpha is the world's leading Bitcoinecosystem service provider for institutional partners. As a strategic partner of Bitmain, Antalpha is trusted by institutions, startups, and qualified investors to drive innovation in blockchain technology and applications. It has become a leading company in the global blockchain financial services ecosystem.

The Antalpha BTC Mining Index selects the top ten publicly traded US Bitcoinmining companies and tracks their respective performance. The Antalpha BTC Mining Index will offer mainstream financial investors a reliable channel to gain cryptoexposure. The index will be rebalanced every six months to reflect the market conditions.

Metalpha is one of the largest cryptoderivatives traders in Asiaand is dedicated to providing tailor made wealth management and hedging solutions to financial institutions including family offices, investment funds, cryptomining companies, etc. Metalpha previously launched a fund to invest in GBTC, which has seen large gains since launch, with its net asset value increased to 269.84%, outperforming Bitcoinby about 39% from $27,265to $62,867.

"We are excited to launch this equity fund focusing on offering investors Bitcoinexposure through Bitcoinmining companies. The Antalpha BTC Mining Index comes because of high demand from global investors bettingon the long-term growth opportunities of the Bitcoinmining industry. " Adrian Wang, President and Director of Metalpha Technology Holding Ltd.

The Company is a holder of Type 1 (securities and virtual assets dealing services), uplifted Type 4 (advising on securities and tokens) & Type 9 (asset management) licenses by the SFC.

About Metalpha Technology Holding Limited
Founded in 2015, Metalpha Technology Holding Limited (NASDAQ: MATH) went public on October 20, 2017. The listed Company, through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of cryptowealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

SOURCE Metalpha Technology Holding Limited