Large institutional investors are avoiding hedge funds that invest in LONDON or initial coin offerings despite the number of products in the sector ballooning this year . “(Institutional investors) haven’t invested in this ecosystem yet because they haven’t yet found the right vehicle,” said Cedric Jeanson, BitSpread’s founder. 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 84 , with 110 launching in this year , and they have a total of $ almost $30 billion of crypto assets under management.
Large institutional investors are avoiding hedge funds that invest in LONDON or initial coin offerings despite the number of products in the sector ballooning 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 84 , with 110 launching in this year , and they have a total of $ almost $30 billion of crypto assets under management.