Large institutional investors are avoiding hedge funds that invest in public or initial coin offerings despite the number of products in the sector rising this year . Bitcoin has been on a rollercoaster ride this year. Investors cite volatility , the potential for fraud and the lack of a track record as reasons for shunning the products . The number of funds investing either directly in bitcoin or participating in ICOs has risen to 118 , with 84 launching in 2017 , and they have a total of $ 2.2bn of crypto assets under management .
Large institutional investors are avoiding hedge funds that invest in public or initial coin offerings despite the number of products in the sector rising this year . Investors cite volatility , the potential for fraud and the lack of a track record as reasons for shunning the products . The number of funds investing either directly in bitcoin or participating in ICOs has risen to 118 , with 84 launching in 2017 , and they have a total of $ 2.2bn of crypto assets under management .