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Crypto Bulls Pile Into ICOs at Record Pace Despite Bitcoin Rout

Bloomberg business news
Passive Investing Comes to Cryptocurrencies

This year’s selloff in virtual currencies has done little to dent investor enthusiasm for initial coin offerings, which attracted a record $12 billion in the first half.

That’s up from $7 billion for the whole of 2017 and a more than 50-fold jump from 2016, according to Autonomous Research LLP.