In 2018, the number of crypto funds increased threefold and exceeded 140. At the same time, Wall Street is the personnel reserve for creators and analysts – 80% of the largest crypto funds were created by people from this exchanger. Bloomberg even suggested that cryptocurrencies could bury Wall Street.
Cryptocurrency funds offer a yield of up to 100% per annum, they function outside the legal field and leave traders unlimited opportunities for maneuver, up to fraud. No attempt to officially register the fund was successful: SEC rejected Winklevoss Capital and SolidX Bitcoin Trust, the Swiss Crypto Fund also operates without a financial regulator license.
However, the transition of traders from Wall Street to the crypto-industry is a positive signal for the latter: professional financiers are confident in the good prospects of digital assets.