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Huobi Technology Launches Four Crypto Funds Targeting $100M In Assets By September

Mary Liu

Summary: According to a report from Bloomberg, Huobi Technology Holdings Ltd has launched 4 crypto-related funds, with the goal of reaching $100 million in assets by September.  The company said that the four funds have received investment commitments of $50 million. Two of the funds will track the price of Bitcoin and Ethereum respectively, and investors ...

According to a report from Bloomberg, Huobi Technology Holdings Ltd has launched 4 crypto-related funds, with the goal of reaching $100 million in assets by September. 

The company said that the four funds have received investment commitments of $50 million. Two of the funds will track the price of Bitcoin and Ethereum respectively, and investors can bet on their price trends without actually holding these tokens.

Of the remaining two funds, one is an actively managed fund that invests in a basket of virtual assets, and the other is a private equity fund that specializes in the field of crypto mining.

By Mary Liu

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Link: Huobi Technology Launches Four Crypto Funds Targeting $100M In Assets By September   [Copy]
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