Investors Push Money Into Crypto Funds Despite Sector Troubles

The crypto hedge fund industry has seen some interesting changes over the past 12 months. As the price of bitcoin and other cryptocurrencies have collapsed, some hedge funds and digital asset platforms have gone under. The highest profile failure is Three Arrows Capital, which shocked the global space when the $10 billion fund collapsed and its three founders disappeared. Its collapse set off a wave of defaults across the industry as other providers with exposure to the hedge fund found themselves in a difficult financial position. However, as some operators in the space have faced increasingly difficult financial circumstances, others…