Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:
Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period  —  - Polychain's $175 million fund includes 7-year lockup provision  — More digital asset venture funds are opening than hedge funds

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