Neatly 70 Crypto-Focused Funds Closed This Year as Institutional Investors Tread Carefully

Neatly 70 Crypto-Focused Funds Closed This Year as Institutional Investors Tread Carefully | CryptoGlobe

Data from the San Francisco-based Crypto Fund Research has shown that nearly 70 cryptocurrency-focused hedge funds have closed this year, while the number of new funds opening is nearly half of what it was in 2018. The funds reportedly mostly catered to pensions, family offices, and wealthy individuals.