Polychain Captial Assets to Drop by 40% In Q4 2018

As of the end of March of this year, the value of the assets of the fund was $ 591.5 million, that's $ 376.3 million less than in August 2018
12 April 2019   289

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.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.