Hedge Fund News From HedgeCo.Net

Hedge funds seen as main contributors to Initial Coin Offerings and critized for flipping

(Opalesque) In the week ending 06 October, 2017, in 153 FinTech Initial Coin Offerings, hedge funds are seen as main contributors to these ICOs with Blockchain named as the top hedge funds investing into ICOs. 153 projects were able to raise the impressive amount of $2.3 billion through ICOs. Hedge funds are also critized for “being first among equals” when it comes to digital token sales by technology startups, receiving preferential discounts and terms and then often cashing out.

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