Firm Behind First Blockchain ETFs Launches $100 Million Crypto Hedge Fund

[kreslik.news]

Reality Shares, a California-based investment company known for being the first to start selling blockchain ETFs (exchange-traded funds), is setting up a new cryptocurrency-based hedge fund, according to Business Insider.

The new hedge fund will be worth a maximum of $100 million, according to person familiar with the matter. The company has already raised a quarter of that.

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Exchange-traded funds

Reality Shares has attracted around $100 million worth of new business since launching its ETFs in January 2018.

ETF investment is an arrangement whereby the fund owns some asset and divides ... (read more)