Undeterred by Market Bears, This Asset Manager Is Launching $100 Mln Crypto Hedge Fund

  • Alex Dovbnya
    📰 News

    A new specialized cryptocurrency fund is expected to be launched

Undeterred by Market Bears, This Asset Manager Is Launching $100 Mln Crypto Hedge Fund

Reality Shares, an innovative investment firm that issued the first Blockchain ETF, is mulling over opening a $100 mln crypto hedge fund. After the launch of its Blockchain-based ETF on the NASDAQ in January, the company witnessed a $100 mln increase in its assets, which prompted the decision to launch a separate hedge fund. It is going not going to be a purely arbitrageurs hedge fund as the firm is planning to dive into venture capital as well as directional strategies. 

There are already over 300 crypto-oriented funds. However, Reality Shares is poised to become one of the biggest players in this niche, since only a small portion of these funds manages nine-figure sums. 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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