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Crypto Funds Launch at Fastest Pace Since 2021 as ETFs Fuel Hype
New funds focused on cryptocurrency strategies are opening shop at a much faster pace as hype returns to the market on the back of new ETFs dedicated to the asset class. The first three months of the year saw 25 new venture-capital and hedge funds launched, the most since the second quarter of 2021, according to Crypto Fund Research. That’s double the number that closed during the same period and almost triple the nine funds that emerged in the first quarter of 2023. Last year, the number of new crypto funds barely exceeded the number of closures after the asset class was left in tatters by a bear market. The ... (full story)