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Crypto Funds Are Closing While the Biggest Investors Stand Aside

“Just wait until institutional investors jump in” has long been a rallying call for the cryptocurrency faithful.

It appears they’ll need to keep waiting a little longer, with nearly 70 crypto-focused hedge funds that mostly cater to pensions, family offices and wealthy individuals closing this year, according to San Francisco-based Crypto Fund Research. The number of new fund launched is less tha

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