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Around 70 Crypto-Focused Hedge Funds Have Closed Due To Dwindling Customer Base
Summary: Nearly 70 crypto-focused hedge funds that for the most part provide pensions, family offices and wealthy individuals will be closing this year, according to Crypto Fund Research. The San Francisco-based research firm has found that the number of new funds started is less than half the amount that were launched in 2018. High-profile company’s such ...
Nearly 70 crypto-focused hedge funds that for the most part provide pensions, family offices and wealthy individuals will be closing this year, according to Crypto Fund Research.
The San Francisco-based research firm has found that the number of new funds started is less than half the amount that were launched in 2018. High-profile company’s such as Fidelity Investments and the New York Stock Exchange’s parent company Intercontinental Exchange continue to advocate for digital assets. However, the potential customer base is dwindling fast out of fear of the market's volatility.
By Roland James
Tags: Cryptocurrency,hedge fund,Investors
Link: Around 70 Crypto-Focused Hedge Funds Have Closed Due To Dwindling Customer Base [Copy]
