Michael Arrington’s Crypto Hedge Fund Merges With Crypto Fund ByteSize Capital

Announcements, Mergers, News | March 28, 2019 By:

Arrington XRP Capital, a hedge fund owned by TechCrunch founder Michael Arrington, has merged with crypto fund ByteSize Capital.

Founded in November 2017, Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets. The fund trades and holds crypto assets, and invests in token sales, equities and debt. The fund recently announced that it has surpassed its $100 million funding target.

ByteSize Capital is a private fund and research house focused exclusively on cryptocurrency. They have made investments into projects including Algorand, CertiK and Arweave. ByteSize Capital combines a wealth of technical expertise with data-driven frameworks for the crypto markets.

The merger, which was enabled by a recent investment of $30 million by Arrington XRP Capital’s major limited partners, will reportedly strengthen Arrington XRP Capital’s barbell approach, combining early stage venture with a multi-strategy outlook toward the liquid markets.

As part of the merger, ByteSize Capital partners Ninor Mansor and Ninos Mansor will join Arrington XRP Capital as partners, alongside founding partners Heather Harde and Michael Arrington. Geoffrey Arone will be stepping down from Arrington XRP Capital and moving to an advisory role. In addition, Arrington XRP Capital will onboard ByteSize’s proprietary investing suite, including systems for data ingestion and quantitative backtesting.

“We are seeing a new market,” Arrington said. “It’s not 2017. It’s not 2018. Funds like ours will continue to find ways to make money in markets that are unpredictable. We didn’t have the DNA to do trading, but now we do with these guys.”