Cryptocurrencies
Crypto Funds Are Closing While the Biggest Investors Stand Aside
- Almost 70 funds have closed in 2019, Crypto Fund Research says
- Fidelity, futures exchanges continue to court professionals
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“Just wait until institutional investors jump in” has long been a rallying call for the cryptocurrency faithful.
It appears they’ll need to keep waiting a little longer, with nearly 70 crypto-focused hedge funds that mostly cater to pensions, family offices and wealthy individuals closing this year, according to San Francisco-based Crypto Fund Research. The number of new fund launched is less than half the amount started in 2018, the researcher said.