TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into ‘Culture Coins’: Report
24 April 2024 - 8:41PM
The Daily Hodl
Hedge funds are starting to succumb to the lure of crypto
memecoins in search of bigger gains, according to a report from
Bloomberg. Newport Beach, California-based fund Stratos – backed by
heavyweight investors Marc Andreessen and Chris Dixon – reportedly
recorded 137% gains in Q1 by allocating part of its portfolio to
dogwifhat (WIF), which […]
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TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into
‘Culture Coins’: Report appeared first on The Daily Hodl.
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TradFi Hedge Funds Eyeing Memecoins As Subsector
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