The ‘smart money’ continues to pile into Crypto as a portfolio diversification strategy. Nowadays, family offices, hedge funds, and legacy money managers have a very different sentiment on crypto products and services, considering that a whopping $17 billion worth of institutional capital was poured into the space this year alone. Just last month, Apollo Capital, a fund manager with over $500 billion in assets under management, launched the Apollo Capital Frontier Fund, which will focus on NFT infrastructure, decentralized finance and multichain infrastructure. And financial heavyweights Charles Schwab, Citadel Securities and Fidelity Investments, also announced the launch of a new crypto exchange, EDX Markets. Although there is a lot of pent-up demand from institutional investors to participate in the digital asset class, most aren’t able to access the ecosystem directly, making companies like Coinbase Global, Inc. ( NASDAQ:COIN ) , Hut 8 Mining Corp. ( NASDAQ:HUT ) ( TSX:HUT ), CleanSpark ( NASDAQ:CLSK ), Citigroup Inc. ( NYSE:C ) and WonderFi Technologies Inc. ( TSX:WNDR ) ( OTCQB:WONDF ) ...
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