According to CNBC reports, former Genesis executive Matt Ballensweig told a potential investor in mid-December last year that he was planning a fund called Hunting Hill Digital and had already received $2.5 million in financing from Bessemer Venture Partners, With a post-money valuation of $30 million, he and his partners are raising another $5 million. The fund's flagship product will be launched in the first quarter of 2023. Matt Ballensweig said the fund was launched in partnership with former Genesis employees and Adam Guren of hedge fund Hunting Hill, using a Delta neutral strategy. Ballensweig said that the fund’s partners also include Martin Garcia, former managing director of Genesis, and Reed Werbitt, former trading director of Genesis. The three will also launch two other beta products, “Top 25 Index” and “DeFi beta”.