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Crypto Bulls Pile Into ICOs at Record Pace Despite Bitcoin Rout

Bloomberg business news
Passive Investing Comes to Cryptocurrencies
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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.