Cryptocurrencies
Hedge Funds Seek ICO-Like Returns With Equity-Charged Tokens
- ‘It could be like getting in on Bitcoin at the beginning’
- Regulators have yet to address how the coins should be treated
This article is for subscribers only.
Hedge funds aren’t giving up on cryptocurrencies just yet.
Even with the 70 percent plunge in the value of the digit-asset market from its record highs in December, many still have visions of the triple-digit returns that were often realized from being early participants in initial-coin offerings during the peak of last year’s frenzy.