Hedge Funds Are Cashing In On Bitcoin Mania — There Are Now 50 Dedicated To Cryptocurrencies

Reuters/Lucas JacksonThe market for cryptocurrencies is red-hot, and dozens of crypto-focused hedge funds are looking to get in on the action. Digital currencies, such as Bitcoin, are powered by distributed ledger technology and are not controlled by a centralized authority. The market for such currencies has exploded with over 800 coins on the market with a combined marketcap of $166 billion.

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