According to data submitted to the US Securities and Exchange Commission, the value of assets at the disposal of Polychain Capital, the largest cryptocurrency fund, has slipped by a third in less than a year.
As of the end of March of this year, the value of the assets of the fund was $ 591.5 million. This amount is $ 376.3 million less than that indicated in the report filed in August 2018. Then Polychain Capital managed assets of $ 967.8 million.
In addition to the financial performance of the fund, the document states that there's no guarantees that in the long run, digital assets will retain their value or that the massive adoption of cryptocurrencies by major retailers and commercial enterprises will grow.
At the beginning of this year, California-based Polychain Capital attracted $ 175 million to create a cryptocurrency venture fund.