Share this article
Bitcoin Manager With $1B Crypto Goal Is Backed by Hedge Fund Vet Alan Howard: Report
One River Digital Asset Management already holds $600 million in bitcoin and ether.
By Danny Nelson
Updated Sep 14, 2021, 10:44 a.m. Published Dec 16, 2020, 6:09 p.m.
Institutional bitcoin firm One River Digital is barreling toward $1 billion in cryptocurrencies under management with backing from billionaire hedge fund manager Alan Howard, Bloomberg reported Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The newcomer, One River Digital, is an offshoot of volatility hedge fund One River Asset Management. It's already invested $600 million in bitcoin and ether for institutional clients; CEO Eric Peters told Bloomberg that One River Digital's crypto holdings will cross $1 billion in early 2021.
It will do so with notable ties to the traditional financial world. On Wednesday. Bloomberg also reported that Brevan Howard Asset Management co-founder Alan Howard is taking an ownership stake in One River Digital and helping providing the company with backend trading services.
Fellow British fund shop Ruffer LLP is also an investor in One River Digital. Separately Tuesday, Ruffer revealed it is holding 2.5% of its total assets under management in bitcoin.
Coinbase confirmed earlier reports that it would serve as One River Digital's initial partner for trade execution and crypto custody.
"Our unified investing experience has the tools sophisticated investors need to execute large and complex trades, complemented by a diverse pool of liquidity," Brett Tejpaul, Coinbase's head of institutional trading, told CoinDesk through a spokesperson.
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
Norway's sovereign wealth fund supports Metaplanet bitcoin plan ahead of EGM vote
Norges Bank, which holds a 0.3% stake in Metaplanet voted in favor of for all five proposals ahead of the Dec. 22 EGM.
Что нужно знать:
- Norway’s sovereign wealth fund, which holds about 0.3% of Metaplanet, voted in favour of all five proposals ahead of the company’s Dec. 22 Extraordinary General Meeting, backing its Bitcoin treasury strategy.
- The proposals introduce perpetual preferred shares and expand capital flexibility to support non dilutive Bitcoin accumulation.
Top Stories
