Crypto Hedge Funds Raise Hundreds of Millions of Dollars, Even on Downtrend14.31

In the past eight months, the valuation of the crypto market has declined by more than 76 percent, from $900 billion to $215 billion. Yet, crypto hedge funds have raised more money than ever before.

In July 2018, Barry Silbert’s Digital Currency Group subsidiary investment company Grayscale disclosed raising $248 million in the first quarter of 2018, bringing its portfolio valuation to $2 billion.

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