Another Crypto Investor Is Calling Time After the Market Sank
- Protocol Ventures, fund of crypto hedge funds, returning cash
- Crypto hedge funds are now struggling amid digital-asset rout
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Protocol Ventures LP, a US-based investor in crypto hedge funds, is to close down and return cash following the slide in the market for digital assets, according to people familiar with the matter.
Notices were sent to investors at the end of October about the move, the people said, asking not to be named because the information isn’t public. The closure will likely be completed by year-end or the first quarter of 2023, one of the people said.