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

  • Alex Morris
    📰 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. 

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