According to Michaël van de Poppe (@CryptoMichNL), his MN Fund delivered a net return of 11% in the first quarter by trading the volatility of BTC and ETH, based on his X post dated Oct 16, 2025 (source: X post by Michaël van de Poppe, Oct 16, 2025). According to the same source, the fund executed its first OTC trade in that quarter and scaled up its volatility trading in recent weeks (source: X post by Michaël van de Poppe, Oct 16, 2025).

According to Michaël van de Poppe (@CryptoMichNL), MN Fund has officially been registered under the AIFMD 'light' regime with the AFM, allowing the hybrid liquid fund to begin trading on July 1st, 2025. The fund utilizes multiple trading strategies to maximize returns and manage risk, making it attractive for institutional and retail investors seeking diversified exposure in the cryptocurrency market. The regulatory approval under the Alternative Investment Fund Managers Directive (AIFMD) enhances investor confidence and is likely to bring increased liquidity and professional capital into the crypto trading landscape. This launch may also positively influence market sentiment and set a benchmark for compliant crypto hedge funds in Europe (Source: Michaël van de Poppe on Twitter, June 6, 2025).