On March 11, CK Zheng, former head of global valuation risk at European investment bank Credit Suisse, launched ZXSquared Capital, a crypto options trading fund, and plans to raise $200 million for the fund.
The fund aims to provide higher returns and lower volatility by deploying trading strategies in crypto options. ZX Squared said the fund can reduce volatility to 30%-40% compared to Bitcoin’s over 80% volatility.