Morgan Stanley: Hedge funds and VCs fueled a $6.4 billion gain in crypto assets in under 2 years
|11/01/2018||Posted by BusinessMediaguide.Com under General World News||
Hedge funds, venture capital firms and a smattering of private equity houses have helped the overall number of cryptocurrency funds increase by more than 11% in 2018 alone, Morgan Stanley estimates.
The US bank charted the rise in the bar chart on the left. From only 45 cryptocurrency funds in 2016, the number has soared to an estimated 220 this year.
In a note dated October 31, Morgan Stanley mapped the gains of crypto assets, noting that the value of assets managed at these funds has soared to $7.1 billion, from only $675 million at the beginning of January 2017. That’s read more >>>